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Updated about 7 years ago on . Most recent reply

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Lars Bell
  • San Diego, CA
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Looking for Financing on Illinois Mixed-Use Building

Lars Bell
  • San Diego, CA
Posted

I am looking for a commercial lender on a Mixed-Use building in Chicago with rates <5.0%.

-$975K Purchase (2 X commercial units; 1 X apartment)

-$390K down (=60% LTV; using 1031 exchange money)

-DSCR= 1.65%

-Lending to an LLC

-Principal's FICO 700+ (personal guarantees OK) 

-Successful business with multi-year track record

Looking for

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