Loan amount
$285,000
Loan type
As-Is Property Value
$600,000
LTV
48%
{LTV}
Property type
Single family home
Borrower Details
Credit score
725
Deal experience
1 deal
This loan scenario was submitted by a Broker
Property Details
State
New York
Loan Details
Additional Loan Information
Looking for a construction loan for my personal home. I have a general contractor. I have already started the house. It's framed, roofing complete, windows installed and septic installed. I own the land and everything already done paid for in full. No loans. The property is located in Morrisonville NY 12962. The purchase price of the property was $50,000, for the 26.5 acres. The house is 4600 sq ft, with 5 bedrooms, 3.5 baths. I am hoping to be complete by May 1st. The estimated value of the home will definitely be over $600k. It will be owner-occupied. I am looking for any term loan but prefer a 20 yr.
Status
Closed
Created
October 16, 2019 - 2:30pm
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