Warehouse purchase for logistics firm

Property & underwriting

Occupancy

Non-owner occupied (investment)

Lien position

1st lien

As-is value

$1,346,154

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

Industrial warehouse

Use of funds

Acquisition

Deal summary

18,000 sq ft warehouse near I-55. Owner-user purchase, strong operating history.