Mortgage lead for Commercial loan in Hamden, CT, 06514

Date Posted

12/26/2025 1:42:55 PM

Property at

Hamden, CT, 06514, USA Show Map

Borrower at

Hamden, CT, 06514, USA Show Map

Property Type

Commercial

Property Value

$450,000

Amount of Existing Loans

$138,000

Loan Request

$150,000

LTV

33.33 %

Credit Rating

640-649

Net Worth

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

Loan Purpose

Property Purchase

Purpose

Hello,

My name is Marquise McDuffie. I am seeking a short-term second-lien bridge loan secured by an LLC-owned investment property and am looking to close within 7–10 days.

Loan Request

Amount: $100,000–$150,000

Lien Position: Second

Term: 12–18 months

Payments: Interest-only preferred

Use of Funds: Down payment balance and closing costs for an acquisition

Exit Strategy: Refinance within 12–18 months

Purpose of Loan

The requested funds will be used to complete the remaining down payment balance and closing costs for the acquisition of a commercial property located at 17 Elizabeth Street, Derby, CT. The acquisition is fully structured and scheduled to close on January 8, 2025.

Collateral Property

Address: 1168 Dixwell Avenue, Hamden, CT 06514
Ownership: LLC-owned investment property

Estimated Value: ~$375,000

Current First Mortgage Balance: ~$138,000

Estimated Equity: ~$237,000

Monthly Gross Income: ~$6,700

Condition: Stabilized, income-producing asset

Post-loan leverage remains conservative, with a significant equity cushion.

Exit Strategy

The loan will be repaid in full through a refinance of the acquisition property (17 Elizabeth Street) upon stabilization, projected within 12–18 months. This bridge loan is intended strictly as a short-term liquidity solution.

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Loan Request for Commercial loan in Hamden, CT, 06514