Loan amount
$1,500,000
Loan type
As-Is Property Value
$5,000,000
LTV
30%
{LTV}
Property type
Development site
Borrower Details
Credit score
600
Deal experience
10 deals
This loan scenario was submitted by a Broker
Property Details
State
Florida
Loan Details
Additional Loan Information
72 acres. Not entitled. Multi use site that will be severed into smaller parcels and sold off to builders and developers. He owns the property for over 3 years and has spent 3 million to date. This is a refinance. Current mortgage holder will postpone. The property is in Palm Coast Florida. The term of the loan 1 year. I am a broker representing my client.
Status
Closed
Created
August 28, 2020 - 3:03pm
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