Borrower looking to acquire the subject property which is located in Mooresville, NC. The subject property is currently vacant (raised condition for post-closing lease agreement and the appraiser's estimated Market Rent $3,500/Month. The property appraised for $1,334k As-Is and a CDA confirmed the value was acceptable. Sponsor has a good credit with a mid-score of 715 and bank statements reflects the balance of $746,975.33 in liquidity. Total loan amount 47.6% LTC and 44.6% LTV with 1.10 of 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.