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Updated almost 8 years ago on . Most recent reply

Greg Wadsworth's profile image
Greg Wadsworth's profile image
Greg Wadsworth
  • Developer
  • from La Jolla, CA
  • Member since Apr 27, 2016
  • Posts 23
  • Votes 8
  • Experience 11 Yrs
  • Investments 1
Connect

User Stats

23
Posts
8
Votes
Greg Wadsworth's profile image
Greg Wadsworth's profile image
Greg Wadsworth
  • Developer
  • from La Jolla, CA
  • Member since Apr 27, 2016
  • Posts 23
  • Votes 8
  • Experience 11 Yrs
  • Investments 1
Connect
Greg Wadsworth
  • Developer
  • La Jolla, CA
8
Votes |
23
Posts
Classifieds

12% First Mortgage, 28% LTV - $410k Commercial Bridge Loan Needed

Greg Wadsworth
  • Developer
  • La Jolla, CA
Posted

Builder needs 6-8 month bridge to take out first position lender ($200k) and complete improvements on 3rd of 3-unit commercial space in North Dakota. Other two units are leased up.

28% LTV based on current in-progress appraisal.

Offering 12% for $410k loan, secured by 1st position mortgage.

Appraisal and other due diligence materials available upon request.

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