Desert Inn Refinance
Interested in evaluating NV Capital Corporation as a lender?
Contact Us and we will be happy to assist you!
Loan Amount: $1,700,000
Collateral: An 18,533 sq ft two-story office and retail building sitting on a 1.12 acre site. Property was valued as-is through BPO on 1/8/19 for $3.2M
Loan-to-Value: 64% “as is” (based on 3rd Party BPO ordered by NV Capital Corporation)
Interest Rate: 10% total.
Term: 24 months, with two six-month extension options.
Purpose: Refinance the current loan and provide improvement funds for the property located at 2900 E. Desert Inn Rd. in Las Vegas.
Borrower/Guarantor Profile: Borrower has great credit. (note: some information has been removed for client anonymity.)