Loan amount
$5,300,000
Loan type
As-Is Property Value
$8,400,000
LTV
64%
{LTV}
Property type
Shovel ready land acquisition
Borrower Details
Credit score
600
Deal experience
40 deals
This loan scenario was submitted by a Broker
Property Details
State
Washington
Loan Details
Additional Loan Information
I am a broker representing my client. Project is in Seattle and is for the acquisition of 300k lot and vertical financing for a SF home plus duplex. Builders very experienced, previous track & spec home developer. 1.4m appraisal recently completed. Need high leverage or even equity partner as there are 6 lots available, all permitted and entitlements complete.
Status
Closed
Created
August 14, 2019 - 6:39am
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