Loan Request for Commercial loan in Henderson, NC, 27536

Request #3711699 by Lender

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Date Posted

1/28/2025 9:21:41 AM

Property at

Henderson, NC, 27536, USA Show Map

Borrower at

Property Type

Commercial

Property Value

$3,000,000

Amount of Existing Loans

$361,000

Loan Request

$1,800,000

LTV

60 %

Credit Rating

750-759

Loan Purpose

Refinance and Construction

Purpose

My client is seeking a 12-month loan to refinance his warehouse in Henderson, North Carolina. Current Value is $3,000,000, current mortgage loan is $361,000, ARV Value is $4,500,000. Loan purpose is to pay $1,400,000 for a new roof and pay off existing mortgage.

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Loan Request for Commercial loan in Henderson, NC, 27536