Mortgage lead for Commercial loan in Mack, CO, 81525

Date Posted

12/17/2025 1:02:22 PM

Property at

Mack, CO, 81525, USA Show Map

Borrower at

Property Type

Commercial

Property Value

$7,000,000

Amount of Existing Loans

$2,350,000

Loan Request

$2,800,000

LTV

40 %

Credit Rating

700-719

Net Worth

Over $10,000,000

Loan Purpose

Refinance all

Purpose

Lazy 3X is seeking a bridge loan (target ~$2.8M, with a broader request range up to $10M) secured by the entire Lazy 3X Ranch Portfolio to refinance and consolidate existing ranch debt and then transition into a long-term permanent agricultural mortgage once the capital structure and financials are stabilized.

Key points:

Purpose: Pay off and consolidate multiple existing notes (portfolio debt ~$10M, with $5M–$10M needing near-term refinance), simplify irregular legacy loan structures, and create clean, bank-ready financial reporting and collateral documentation.

Collateral: Cross-collateralized ranch portfolio appraised at $23.423M (2025):

713 S Road ag operation (5 parcels): $6.82M (intended 1st position)

Additional ranch parcels: $16.603M (could be 2nd position behind $5.0M)

Use of proceeds: Debt payoff/consolidation, cleaner restructuring terms, and positioning for permanent refinancing (no cash-out).

Repayment plan: Supported by ~$1M annual net operating income, followed by a permanent loan take-out; optional parcel sales/partial releases if helpful.

Take-out strategy: After title alignment, note consolidation, stabilized debt service, and cleaned financials, refinance into a 20–30 year ag mortgage via banks/ag lenders/Farm Credit/FSA-backed options.

Borrower strength: Approximately $42.5M in assets, ~$22M owner equity, established livestock/crop operations, and experienced management.

Lender highlights: Very conservative LTV (~21%–42%), strong cash flow, fully appraised collateral, and a clear bridge-to-perm path with robust cross-collateralization.

ATTACHED:
• Appraisals
• P&Ls
• Balance Sheet
• Equipment List
• Vehicle List
• Credit report

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Loan Request for Commercial loan in Mack, CO, 81525