2421 Stewart Ave., Las Vegas, NV
Commercial Building – Investor hold
Purchase- $550,000 | Loan Amount- $400,000 |
Term- 18 months | Rate- 12% Interest Only |
Description: .031 Acre, with an existing ground lease for a tire shop and billboard company.
*Building didn’t qualify for bank financing. Borrower needed a quick closing and provided additional collateral. Borrower took advantage of a great income producing asset.