Refinance a Portfolio of Properties in Durham, North Carolina
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Refinance a Portfolio of Properties in Durham, North Carolina
- What's your First Name? Barkan
- What's your Last Name? Baybogan
- What's your Company Name? Med Realty LLC
- What's your email address [email protected]
- What's your phone number? 8587629842
- What is your primary role in this loan request? Other
- What is your role? project manager
- How much would you like to borrow? 2000000
- What is the property's current market value as-is? 4000000
- City Durham
- State North Carolina
- How would you describe the location? Urban
- How would you describe the current condition of the property? Good
- Which asset class is the subject property? Commercial Property
- What type of commercial property? Mixed-Use
- How many units does the property have? 7
- Will the property be used by a cannabis business? Select ...
- Are there any environmental issues with the property? No
- What is the purpose of the loan? Refinance a Portfolio of Properties
- How many properties are in the portfolio? 1
- How many total units in the portfolio? 7
- What types of properties are in the portfolio? Office, Healthcare
- What is the occupancy rate of the entire portfolio 60
- What is the annual rental income for the entire portfolio? 8500
- Are there any existing mortgages on the portfolio? 1st Mortgage
- What is the balance of the 1st Mortgage? 1090000
- Will this 1st mortgage be refinanced? Yes
- Are you looking to cash out equity with this refinance loan? Yes
- How will the cash-out funds be used? Invest in a Business, Business Working Capital
- What is your exit strategy for the loan? Pay off with proceeds from the sale of another property
- When do you need to close the transaction? Within 20 days
- Within what timeframe did you initally purchase the property? 10 years
- Are there any existing mortgages on the subject property? 1st Mortgage
- What is the balance of the 1st Mortgage? 1090000
- Will this 1st mortgage be refinanced? Yes
- Will this 2nd mortgage be refinanced? Yes
- Is your loan in default? No
- Is your loan in forclosure? No
- Are you looking to cash out equity with this refinance loan? Yes
- How will the cash-out funds be used? Invest in a business, Business working capital
- Do you have a recent valuation? No
- What is the current occupancy status of the property? I occupy more than 50% of the property
- What is your exit strategy for the loan? Pay off with proceeds from the sale of another property
- When do you need to close the transaction? Within 30 days
- How long of a loan term are you seeking? 30 years
- Can you provide the property address? Yes
- How would you rate your credit? Excellent
- What is your average credit score? 800
- Are you a U.S. Military veteran? No
- Are you a citizen of the United States? Yes
- Please provide more details on the use of the cash-out funds. We are seeking a refi loan against a property having 4 Mio USD market value, we are seeking 2 Mio USD. The property is commercial property and it is partially vacant but there are rentals such as homecare etc...
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Deal Overview
Loan Info
Final Details
The Story & Summary
Contact
Deal Overview
Loan Info
Final Details
The Story & Summary