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  • Writer's pictureStephen Sinko

Commercial Warehouse Purchase

Updated: Dec 23, 2021

Estimated Closing Date: 07/15/2020

Whitney Mesa Drive, Henderson, NV 89014

Unit Size: 2,400 sq. ft. freestanding warehouse

Lot size: 6,970 sq. ft.

Loan Amount: $196,000.00

Approximate Value $245,000.00

Loan to Value: 80% based on purchase price

Loan to Market Value: 47.80%

Loan Term: 2 Year w/ 3 Months Guaranteed

Payments: Interest Only Payments

Property Zoning: Warehouse

Borrower is purchasing this property through bankruptcy court. Property is currently used for funeral services. Borrower will continue the same use.

Borrower will refinance with SBA loan.

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