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Loan Request for Commercial loan in Berwick, PA, 18603

Request #3691897 by Lender

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10/10/2020 1:36:24 PM
499 W. Third Street, Berwick, PA, 18603, USA Show Map
Commercial
$16,000,000
$1,700,000
10.62 %
750-759
Over $10,000,000
Refinance all
Looking for a 1stTD in the amount of $1,700,000 . Property was appraised for sixteen million dollars by Colliers at the end of May for another lender ( a bank) , who has of today has not come through because of Covid . Loan to value is under11%. Use of the funds it mmediately are for a job for 90 convenience stores, currently with several completed orders nine million in receivables . The borrower is ready to pay hard money rate and fees. The loan will pay off an existing 1st of $1,050,000

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