Mortgage lead for Commercial loan in Tulsa, OK, 74135

Loan Request for Commercial loan in Tulsa, OK, 74135

Request #3703214 by Lender

Date Posted

8/28/2024 11:59:58 PM

Property at

Tulsa, OK, 74135, USA Show Map

Borrower at

Property Type

Commercial

Property Value

$24,000,000

Amount of Existing Loans

$8,529,000

Loan Request

$11,000,000

LTV

45.83 %

Credit Rating

740-749

Loan Purpose

Refinance and Construction

Purpose

Two properties with a total of 376 rental units.>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> See attached to get more detail>>>>>>>>>>>>>>>>>>>>>>>>>>>>> Property #1 200 room hotel conversion to rental units .>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>Property #2--The subject is a three-story, 157-room extended-stay hotel located at 4740 S Braden Avenue in Tulsa, Tulsa County, Oklahoma. The improvements were completed in 1970 and are situated on a 2.61-acre site. Project and guestroom amenities will include a pantry and guest laundry. The subject is more fully described, legally and physically, within the attached report. >>>>>>>>>>>>>>>>>>>>>>>>>>>> The subject was recently renovated and began operating.

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Loan Request for Commercial loan in Tulsa, OK, 74135