Loan amount
$850,000
Loan type
As-Is Property Value
$1,655,000
LTV
52%
{LTV}
Property type
Ranch
Borrower Details
Credit score
710
Deal experience
4 deals
This loan scenario was submitted by a Broker
Property Details
State
Washington
Loan Details
Additional Loan Information
3900 sf custom house, 45000 sf covered indoor arena 100 acres alfalfa production. Approved forestry management plan serving 600,000 board feet of ponderosa pine 2,000,000 alone. Buy the ranch, harvest the alfalfa, then lumber per the forestry plan, then sell off the 8 parcels another 1,000,000. My personal residence is on the market at $1.655M which I owe $500K on. Purchase price $850K. Property located in Spoken/Ford. Flexible on loan duration.
Status
Closed
Created
June 23, 2020 - 1:23pm
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