Repeat and experienced borrower looking to purchase subject property located in Davenport, IA to hold to long-term loan. The property appraised for $118,500.00 as-is. Two Sponsors on the loan overall with decent credit, and bank statements reflect sufficient liquidity to meet the reserve requirement to close the deal. Loan structured and priced in accordance with the LTR model. Total loan amount 80% LTV/LTC with 1.59 DSCR.
Success Stories That Start With You
Every successful deal tells a story—of opportunity, of smart strategy, and of partnership. We’re proud to work alongside brokers and originators to deliver financing solutions that make a real impact. Want to learn more about how we can support your next project? Let’s connect.