Mortgage lead for Commercial loan in Rockaway, NJ, 07866

Loan Request for Commercial loan in Rockaway, NJ, 07866

Request #3699300 by Lender

Date Posted

1/19/2024 1:20:26 PM

Property at

Rockaway, NJ, 07866, USA Show Map

Borrower at

Property Type

Commercial

Property Value

$4,500,000

Amount of Existing Loans

$980,000

Loan Request

$500,000

LTV

11.11 %

Credit Rating

630-639

Loan Purpose

Refinance all

Purpose

Refi / Cash out - $4.5M property value, 3.5 M net worth Borrower put a lot of money into the property. He has an empty space, next to the property and needs $500,000 cash out of this property, to build an an indoor soccer field which will generate $10,000 in monthly rent. He has a private money first and private second, he wants out of, loan will the be refinanced. I have attorney, title, payoffs, appraisal, everything, in the file, ready to be underwritten.

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Loan Request for Commercial loan in Rockaway, NJ, 07866