Bridge Loan to Remodel Commercial/ Residential Property
| Listing Information | |||
|---|---|---|---|
| Amount: | $25,000.00 | Status: | Loan created |
| Grade: | AA | DTI: | 31% |
| Lender Rate: | 16% | Borrower: | KarenMBTA |
| Finished | State: | MA | |
| Funded: | 100% | Group: | Bolo Point |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-07-03 | EricsCC ROI: | 15% |
| Status History | |
|---|---|
| Jul 09, 2008 | Current |
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Purpose of loan: This loan will be used to remodel investment property, new commercial tennant "Honey Dew Doughnut" is moving in and paying for most of the renovations, however there were some unexpected expenses that will be incurred by the owner. to include new roof, new electric service. Excerpt from Stoneham Independent: Honey Dew Donuts a slam dunk for Stoneham Square By Patrick Blais Published on March 26th, 2008 The Selectmen endorsed a site plan letter this week for a Main Street eatery that will end Dunkin' Donuts' virtual monopoly in the Stoneham doughnut sector. Earlier this month, the Selectmen unanimously backed a proposal that will renovate the long vacant building at 362 Main Street and bring a Honeydew doughnut shop to the Stoneham Square area. The new fast-food breakfast eatery would be placed at the site of the old Blue Parrot Cafe, located at the corner of the Town Common and the municipal lot sandwiched between Main and Central Streets. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 347990 | Bridge Loan to Remodel Commercial/ Residential Property | AA | $25,000 @ 14% | Jun 10, 2008 | Expired |
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