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Loan Request for Commercial loan in Jackson, MS, 39213

Request #3705589 by Lender

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10/4/2024 3:56:09 PM
Jackson, MS, 39213, USA Show Map
Commercial
$1,300,000
$900,000
69.23 %
680-699
Property Purchase
purchasing a 31 unit apartment complex needs to close on 10/10. the property has been owned by the same older gentleman for 20+ years most of the rents have not been raised so there will be an immediate bump in cashflow by bringing rents back to market pricing. we have a fund willing to do the stabilized loan within 6 months of acquisition but their bridge product will not close fast enough. borrower could purchase property in cash.

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