Loan amount
$18,000,000
Loan type
As-Is Property Value
$70,000,000
LTV
26%
{LTV}
Property type
Single home master planned community to be built
Borrower Details
Credit score
650
Deal experience
15 deals
This loan scenario was submitted by a Broker
Property Details
State
California
Loan Details
Additional Loan Information
4300 lots approved, 2 golf courses and commercial space. Beside Apple Valley, just outside of San Bernandino. Owner plans to rent the homes at rental rates 25% below market rents. I am a broker representing my client.
Status
Closed
Created
October 31, 2019 - 10:51am
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