Mortgage lead for Commercial loan in Oberlin, OH, 44074

Date Posted

3/20/2026 6:52:11 AM

Property at

Oberlin, OH, 44074, USA Show Map

Borrower at

Property Type

Commercial

Property Value

$2,600,000

Loan Request

$1,200,000

LTV

46.15 %

Credit Rating

640-649

Loan Purpose

Purchase and Construction

Purpose

Purchase a hotel and complete a heavy construction project
Scope of Work (SOW)
Guest Rooms – 23 Units
● New bathrooms (sink, toilet, shower)
● Flooring + paint
● Electrical upgrades
● Mini-split HVAC (efficient heating/cooling)
● On-demand water heaters (space-saving, energy efficient)
● Modern FF&E refresh
Site Improvements
● Replace roof on two buildings
● Renovate main house (commons conversion)
● Resurface drive and parking lot
Estimated Total Renovation Budget: ~$300,000

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Loan Request for Commercial loan in Oberlin, OH, 44074