Commercial Loan
November 1, 2010
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I have a client (residing in Arizona) who owns a commercial property in Bentonville, Arkansas – seeking a rate and term FIXED refinance of approximately 50% LTV.
Purchased in January 2001
Currently financed at prime plus 1/2 (daily change)
Purchase price $2.2 million; owes apx $1.3 million
Three office buildings on a little over an acre;
total 30,000 square feet;
asphalt parking lot;
current occupancy 80%
Built 1994-1995
Seeking a rate of 6.5%
If you can provide…. please respond directly to me at this email addy and I will connect you with the owner.
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