Desert Inn Refinance

Interested in evaluating NV Capital Corporation as a lender?

Contact Us and we will be happy to assist you!

RECENTLY FUNDED!

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.) 

 

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