FEATURED INVESTMENTS - Property ID #29

Property ID #29

Why we like this deal?

The loan to value (LTV) provides a 56.2% cushion of equity.
This opportunity presents an investor with a commercial note at 11% for 2 years, secured by a recorded first mortgage lien or deed of trust on this property.

Why the bank can’t lend

Risk Analysis

We consider the risk to be N/A relative to the loan to value (LTV).

Property Summary

Property Type: Land
Property Value: $8,000,000
Loan Amount: $3,500,000
LTV: 44%
GOI: TBD
DSCR: TBD
Loan Term: 2 years
Amortization: interest only
Recourse: no
Cross Collateral: no
Max Rate: 11%

Borrower Summary

Source of Income: businesses
Documentation: Available
Guarantees: no
Payment History: N/A

Risk Summary

Overall Risk: N/A
Market Risk: N/A
Property Risk: N/A
Borrower Risk: low

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