Loan amount
$10,500,000
Loan type
Refinance
{Cash-Out}
As-Is Property Value
$15,000,000
LTV
70%
{LTV}
Property type
Vacant Land
Borrower Details
Credit score
779
Deal experience
30 deals
This loan scenario was submitted by a Broker
Yes
Property Details
City
Las Vegas
State
Nevada
Loan Details
Current mortgage balance
$3,000,000
How much cash-out are you looking for?
$7,500,000
Additional Loan Information
infill land assemblage, chinatown, covered land has warehouse income of $300k annually,seasoned developer with $100m in reo, exit is sell fully entitled land or build out the multifamily project
Status
Open
Created
May 23, 2021 - 12:35am
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