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Purchase Loan in Michigan

  • Posted on November 28, 2017
  • Status: Inactive ?

Loan & Collateral

Loan TypePurchase
Security1st Mortgage
Loan Amount$700,000
Collateral Value$2,000,000
Available Downpayment$300,000
Calculated LTV35% ?
Address27663 MOUND RD.
CityWARREN
StateMichigan
Property TypeCommercial

Exit Strategy

My business plan gives the details and numbers of my business objectives...I have estimated profits of about $200,000 per month.

Loan Proceeds

I will purchase the building with the loan money. A separate loan will be used to fully reconstruct the facility into a banquet facility.

Borrower

ApplicantGEORGE BARAKAT
Agency?Borrower
Credit Grade Inactive ?
Phone Number Inactive ?

Private Money in Michigan

The MoolahList hard money directory lists 87 lenders in Michigan

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