Financing terms

Financing, Hard Money Lenders, Private Money
1

Hi,

I am putting together offer for the following:

Type: Retail Condo.
Tenant: Hospital.
Size: 1500 sq. ft.
Rent: 25.52/ sq. ft. NNN (4% escalation every year.)
Asking: 460,000 (306.66/sq. ft.)
Down (25%): 115000
Loan required (75%): 345,000
year Build: 2006
Lease duration: 7 years.
Population: 1 mile (6000), 3mile (50000), 5 mile(175000)

Can you please tell me what type of loan program are available for this. I am looking for the realistic terms.

2

Assuming that this property is zoned as commercial space for doctors, you could secure a loan upwards to 90 LTV and choose a loan program with a 7-25 year amortization.

I hope this answers your question and feel free to contact me if you should have anymore.

Regards,

Scott Miller