Loan amount
$12,000,000
Loan type
Refinance {Cash-Out}
As-Is Property Value
$30,940,000
LTV
39% {LTV}
Property type
Vacant Land
Borrower Details
Credit score
775
Deal experience
8 deals
This loan scenario was submitted by a Broker
Yes
Property Details
City
New Harmony
State
Utah
Loan Details
Current mortgage balance
$5,300,000
How much cash-out are you looking for?
$6,700,000
Additional Loan Information
Client purchased 480 acres last year. Currently in development phase of building 305 home subdivision. Need to refi and cash out to complete horizontal work and start vertical.
Status
Created
May 24, 2023 - 5:40pm

Hard Money Lenders Now Offering Real Estate Investor Loans in Utah Salt Lake City | Provo | West Jordan | Orem | St George | Lehi Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans