Loan amount
$900,000
Loan type
As-Is Property Value
$1,400,000
LTV
65%
{LTV}
Property type
Single family home
Borrower Details
Credit score
670
Deal experience
3 deals
This loan scenario was submitted by a Broker
Property Details
State
California
Loan Details
Additional Loan Information
Developed land with an existing well and a permit for 5 bed septic system, value $400,000. Build 2400sqft barn and 2350sqft residence with 2 car garage. Build cost $500,000. Finished value $1,400,000. Junior dwelling unit included in design, rental value for JDU is $1900 month. Looking for full financing. Design is complete. Permits available at closing. 12 month term. I plan to occupy it myself. I am a licensed contractor. Located in Santa Rosa, CA. Currently in contract.
Status
Closed
Created
October 13, 2019 - 6:44pm
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