Loan amount
$10,000,000
Loan type
Refinance
{No Cash-Out}
Property value
$26,400,000
LTV
38%
{LTV}
Property type
Vacant Land
Credit score
600
Deal experience
15 deals
This loan scenario was submitted by a Broker
No
State
North Carolina
Current mortgage balance
$0
Additional Loan Information
Two properties along a 5 lane highway outside of Charlotte, NC and at an off/on ramps. Current comps of the last 12 years of land sales within one mile at over $500,000/acre. Buyout two partners and then level and add sewer and water to increase the value and sell.
Status
Open
Created
December 18, 2020 - 4:52pm
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