Loan amount
$635,000
Loan type
Purchase {Rent&Hold}
As-Is Property Value
$835,000 {PP:$835,000}
LTV
76% {LTV}
Property type
Vacant Land
Borrower Details
Credit score
735
Deal experience
10 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Felt
State
Idaho
Loan Details
Purchase price
$835,000
Down payment
$200,000
Additional Loan Information
this is an undeveloped 320 acre parcel near the rapidly-growing tourist town of Driggs. We own another 300 acre ranch nearby. Land values in the area are strongly influenced by Teton Mountain views. The subject property has a large bluff running north/south with unimpeded views. We plan to graze the property for 3-5 years and then subdivide. We already have a tenant lined up for cattle. County road frontage and utilities to the property line. Seeking hard money loan for 6-12 months to provide time for permanent financing, or possibly a 3 or 5 year balloon depending on rates. Excellent credit and income.
Status
Created
January 24, 2021 - 9:57pm

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