Loan amount
$2,146,000
Loan type
Purchase
{Construction}
After Repair Value
$5,250,000
{PP:$169,000}
ARV
41%
{ARV}
Property type
Multi-Family 1-4 Units
Borrower Details
Credit score
660
Deal experience
10 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Greenwood County (Lake Greenwood)
State
South Carolina
Loan Details
Purchase price
$169,000
Down payment
$3,000
Cost of improvements
$1,980,000
Estimated property value after repairs
$5,250,000
Additional Loan Information
On 8 acres of land in a cul-de-sac:
Develop and build (2) 4 unit townhouses: (2) Single family (1200sq ft) residence
Front of property - an income producing property - 4 bay strip mall.
Contract for land already secured; land purchase must be complete at projects beginning. Developer, engineer, and surveyor ready to begin. Fund this project & 30 acres are waiting in Anderson County, SC. ROI - $5,250,000.
Develop and build (2) 4 unit townhouses: (2) Single family (1200sq ft) residence
Front of property - an income producing property - 4 bay strip mall.
Contract for land already secured; land purchase must be complete at projects beginning. Developer, engineer, and surveyor ready to begin. Fund this project & 30 acres are waiting in Anderson County, SC. ROI - $5,250,000.
Status
Open
Created
March 22, 2024 - 9:01pm
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