Bridge
Posted 9d agoOwner-occupied cafe expansion
$145,000
Location
Portland, OR
Target rate
11.00%
Term
3 yr
Property type
Single family
Property & underwriting
- Occupancy
- Non-owner occupied (investment)
- Lien position
- 1st lien
- As-is value
- $223,077
- LTV (as-is)
- 65.0%
- Exit strategy
- Refinance to conventional
- Borrower experience
- 4-10 deals completed
- Borrowing entity
- LLC
- Funding timeline
- 2-4 weeks
- Additional collateral
- Equipment & receivables
Use of funds
Working capital
Deal summary
Established cafe opening a second location. Three years of profitable operations, full financials available.