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Local Landlord and Non-Profit Seeking Real Estate Loan

May 19, 2020

Two Deals:

  1. Local landlord seeking short term loan of $1.0M for up to eighteen months to purchase a 11 unit commercial office building in Pierce County tax assessed at $1.4M.
    1. All units occupied with lower rents ($8,300 p/m).
    2. All tenants are long term - 90% have been in the building for more than 10 years.
    3. Tenant on month-to-month agreements
    4. Tenant pay eletric
    5. Property tax $20,000 annually.
  2. Local Pierce County non-profit seeking investors and a loan for up to $500K to purchase real estate in Pierce County with at least 5 bedrooms. Non-profit needs to be able to house at least five families of women and children.

If you are able to help, please email me for additional information.

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LandlordSolutions does not provide legal advice. The information we provide is general information for landlords. If you need legal advice or have questions about the application of the law in a particular matter, you should consult a lawyer.

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