Mortgage lead for Commercial loan in Vernal, UT, 84078

Loan Request for Commercial loan in Vernal, UT, 84078

Request #3756742 by Lender

Date Posted

9/5/2025 2:13:14 PM

Property at

Vernal, UT, 84078, USA Show Map

Borrower at

Property Type

Commercial

Property Value

$7,250,000

Amount of Existing Loans

$3,500,000

Loan Request

$4,750,000

LTV

65.51 %

Credit Rating

760-779

Loan Purpose

Refinance all

Purpose

Title: Loan Purpose

I am seeking a loan amount of $4,750,000 with the intention of refinancing existing debts on my commercial property located at 423 West Main Street, Vernal, UT. This strategic move will consolidate my existing loan of $3,500,000, streamlining my payment process and reducing interest expenses, ultimately enhancing my financial management.

The primary goal of this refinance is to stabilize my commercial property investment by leveraging the impressive estimated property value of $7,250,000. This move will not only help maintain the property’s value but will also improve cash flow by managing the mortgage more effectively, positioning me to reinvest in further business opportunities.

For the lender, this is a low-risk opportunity as the loan amount represents a conservative loan-to-value ratio of 65.52%. My stable income and excellent credit score (760-779) assure a strong repayment capacity.

I am optimistic about achieving success with this loan and appreciate your consideration in supporting my business objectives.

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Loan Request for Commercial loan in Vernal, UT, 84078