Loan amount
Loan type
Purchase {Rent&Hold}
Property value
$900,000 {PP:$875,000}
96% {LTV}
Property type
Other Commercial
Credit score
Deal experience
2 deals
This loan scenario was submitted by a Broker
Purchase price
Down payment
Additional Loan Information
Mountain Laurel Living and Retreat will be a development community that will house an assisted living communinty, restaurant, canteen rental cabins, laundry mat, provide activities, transportation and sell 2 and 3 bedroom homes. The community will be gated. 118 acres, a country club and the 118 acres already has a rental home being rented with a net income if 34,000. We want to expand on the rental and add mobile homes on another site to further advance the development of the company. There is a housibg crisis in Polk County TN and with the real estate development along with the mobile hone and assisted living community this will greatly solve the housing crisis. What is so unique is this is a buyers market. People are moving in the area and continue to relocate. We are serking a vompany that would like to invest in a project with on going support and investment opportunity.
I have owned 4 businesses, sold three, and currently own and operate a mortgage closing business.
August 2, 2021 - 4:54pm

Hard Money Lenders Now Offering Real Estate Investor Loans in Tennessee Nashville | Memphis | Knoxville | Chattanooga | Clarksville | Murfreesboro Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans