Loan amount
$100,000
Loan type
Refinance
{Cash-Out}
As-Is Property Value
$2,700,000
LTV
4%
{LTV}
Property type
Vacant Land
Borrower Details
Credit score
708
Deal experience
10 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Oklahoma City
State
Oklahoma
Loan Details
Current mortgage balance
$0
How much cash-out are you looking for?
$100,000
Additional Loan Information
We are a group of entrepreneurs, who purchased a land in a prime location in Oklahoma City.
We intend to build 4 houses ontop of the land, and sell them once it's built, all whithin 12 months.
For this purpose we need to make some development constructions before we start to build, and for that we need a $100k loan.
We intend to build 4 houses ontop of the land, and sell them once it's built, all whithin 12 months.
For this purpose we need to make some development constructions before we start to build, and for that we need a $100k loan.
Status
Open
Created
November 11, 2023 - 2:07pm
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