Loan amount
$23,799,000
Loan type
Purchase
{Fix&Rent}
After Repair Value
$45,000,000
{PP:$16,000,000}
ARV
53%
{ARV}
Property type
Vacant Land
Borrower Details
Credit score
657
Deal experience
25 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Hurricane
State
Utah
Loan Details
Purchase price
$16,000,000
Down payment
$1,000,000
Cost of improvements
$8,799,000
Estimated property value after repairs
$45,000,000
Additional Loan Information
A master plan community 355 keys to be sold and 194 keys to vacation rentals (1) Hotel 104 rooms restaurants, With commercial space
needs infrastructure: power sewer water roads cost $15,000,000 working on PID Bond for said cost or $8,000,000 to get started now this will be refund when bond is approved .
needs infrastructure: power sewer water roads cost $15,000,000 working on PID Bond for said cost or $8,000,000 to get started now this will be refund when bond is approved .
Status
Open
Created
April 27, 2022 - 8:46am
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