Las Vegas Commercial Refinance
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Loan Amount: $500,000
Collateral: First Trust Deed on 10,300 sq ft building built in 2005 on 0.54 acres located in Las Vegas, Nevada.
Loan-to-Value: Estimated at 33% based on a $1,500,000 value. BPO has been ordered and loan will not close until value is properly identified.
Interest Rate: 10% per annum, paid monthly.
*NV Capital Corporation will receive a 0% interest override.
Minimum Interest: Six months minimum interest guaranty. No prepayment penalty after six months.
Term: 12 Months.
Borrower/Guarantor Profile:Principals are long time residents of a Las Vegas Market.
RISK DISCLOSURE All real estate markets can be negatively affected by interest rates, availability of capital, supply and demand factors, and general economic conditions both locally and nationally. The investor should review this proposal with these risk factors in mind, and base the investment decision on both existing market conditions and potential changes in the economy, as well as the investor’s personal objectives and risk tolerance.