Mortgage lead for Commercial loan in Derby, CT, 06418

Loan Request for Commercial loan in Derby, CT, 06418

Request #3750775 by Lender

Date Posted

8/10/2025 5:21:56 PM

Property at

Derby, CT, 06418, USA Show Map

Borrower at

Hamden, CT, 06514, USA Show Map

Property Type

Commercial

Property Value

$1,500,000

Purchase Price

$1,500,000

Loan Request

$975,000

LTV

65 %

Credit Rating

680-699

Net Worth

$1,000,000 - $4,000,000

Loan Purpose

Property Purchase

Purpose

Hello,

My name is Marquise McDuffie,

I’m seeking a first-position loan at 70-75% LTV. The seller has agreed to finance the remainder of the purchase price second-position note.

Which would eliminate the need for outside equity while preserving liquidity for property improvements and stabilization allowing for a fully financed acquisition without additional outside equity.

Deal Summary:

Property: 17 Elizabeth St. Derby Ct, 06418

Purchase Price: $1,500,000

Proposed Senior Loan: $1,050,000 (70% LTV) – First Position

Seller Financing: $450,000 – Second Position (subordinated)

Buyer Cash to Close: $0

Earnest Money Deposit: $50,000 submitted

Use of Funds: Acquisition + improvements and lease-up reserve

Exit Strategy: Refinance via SBA or permanent financing within 12–18 months

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Loan Request for Commercial loan in Derby, CT, 06418