Loan Request for Land loan in , MS, 39059

Request #3701999 by Lender

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Date Posted

7/25/2024 4:52:16 PM

Property at

MS, 39059, USA Show Map

Borrower at

Property Type

Land

Property Value

$34,000,000

Loan Request

$9,000,000

LTV

26.47 %

Credit Rating

720-739

Loan Purpose

Refinance all

Purpose

My clients’ objective is to secure an ABL for $9M, $26M or $51M with preferred terms of 12-24 months and a 6 month prepay penalty. The collateralized mortgage note will be secured with $800mm+ in Mississippi Sand based land assets. We have a complete file and Chicago Title Company has the full package for closing.

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Loan Request for Land loan in , MS, 39059