Loan amount
$3,350,000
Loan type
Refinance {Construction}
After Repair Value
$5,700,000
ARV
59% {ARV}
Property type
Vacant Land
Borrower Details
Credit score
730
Deal experience
1 deal
This loan scenario was submitted by a Broker
No
Property Details
City
Seattle
State
Washington
Loan Details
Current mortgage balance
$550,000
Cost of improvements
$2,800,000
Estimated property value after repairs
$5,700,000
Additional Loan Information
12 unit townhome project in Seattle WA. Currently vacant land. Permits are complete.
Looking for ground up construction loan or 250k 2nd position preferred equity.
Status
Created
September 8, 2022 - 6:22pm

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