Loan amount
$600,000
Loan type
As-Is Property Value
$800,000
LTV
75% {LTV}
Property type
Residential building lots
Borrower Details
Credit score
620
Deal experience
20 deals
This loan scenario was submitted by a Broker
Property Details
State
Utah
Loan Details
Additional Loan Information
5 residential building lots in a high demand area of town. I am a real estate agent here and know the market well. These lots will be sold and the investors paid back within 6 to 12 months. Currently waiting for the parcels to record with the county and then we will put an offer together. I have personally sold 7 lots in the first phase of this same subdivision.
Status
Created
September 3, 2019 - 10:49am

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