Loan amount
$170,000
Loan type
As-Is Property Value
$340,000
LTV
50%
{LTV}
Property type
Land
Borrower Details
Credit score
700
Deal experience
None
This loan scenario was submitted by a Broker
Property Details
State
Georgia
Loan Details
Additional Loan Information
Beautiful, wooded tract of land. Ideal for small subdivision. It could possibly be re-zoned for multi-family. Gentle topography with very little flood plain. Convenient location with all utilities including sewer. The borrower will pay the remaining 50% of the purchase price. The borrow plans to build apartments on the land. Seeking loan term of 8-10% and 12 months. I am a broker representing my client.
Status
Closed
Created
September 30, 2019 - 4:09pm
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