Need PML on a commercial property · Money Broker Society

Need PML on a commercial property

Borrower Needs $300k, 12-24 months, you name your return %.

1st position loan on a commercial property in Columbus, OH that the borrower owns free and clear and runs his business out of. He has been in business for 10+ years. The estimated value of this property is $575k based on realtor opinion and recently sold comps.

Borrower needs the money for the down payment on another commercial property in Columbus, OH to scale up his business in a larger, more centrally located space.

Exit to pay back PML is to refinance into a 30 yr fixed commercial loan once the new location is stabilized.

I’m a connector in this deal. I will connect anyone interested in doing this loan to my contact. Just reach out to me if interested.

Thank you

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