Small Office Building Refinance in Union City, NJ Cash Out

  • Loan Amount: $525,000
  • Property Type: Office Building
  • Square Footage: 2,329

Property Description

The subject property is 2,329 sq. ft. gross office space. Alpines loans never require tax returns from the borrower. Just uses the rent roll over $500,000 to qualify the property for the loan. Loans below $500,000 the rent roll isn’t needed to qualify.

Alpine provided 70% of the appraised value to pay off the existing loan, and replace it with a 30 year amortized loan which lowered his monthly payment substantially.

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Property Details

Loan Amount: $525,000
City: Union City
State: NJ
Square Footage: 2,329