Financing sought to purchase an amazing, undervalued 50,000+ sf entertainment complex in a major U.S. tourist destination.
LTV >50%
- Seeking $1.3 - 1.7M secured by 1st lien - Property appraised at $3.28M - 60+ years combined owner/operator industry experience - offering +/- 12% interest only for 12 months (30-year amortization) - Exit strategy USDA-guaranteed loan in 12 mos maximum (property deemed eligible) - Possible seller 2nd if necessary - 10M+ anticipated annual gross income
Financing sought to purchase an amazing, undervalued 50,000+ sf entertainment complex in a major U.S. tourist destination.
LTV >50%
- Seeking $1.3 - 1.7M secured by 1st lien - Property appraised at $3.28M - 60+ years combined owner/operator industry experience - offering +/- 12% interest only for 12 months (30-year amortization) - Exit strategy USDA-guaranteed loan in 12 mos maximum (property deemed eligible) - Possible seller 2nd if necessary - 10M+ anticipated annual gross income
Hey Gary,
I have the perfect program for you. It's a short term loan at 2.5% interest, and the monthly payments are interest only. Seller financing and mezzanine financing is allowed. Send me an email with the details to: [email protected] and I'll have a term sheet over to you within 48 hours.