Loan amount
$11,000,000
Loan type
As-Is Property Value
$15,000,000
LTV
74%
{LTV}
Property type
Single family home
Borrower Details
Credit score
680
Deal experience
20 deals
This loan scenario was submitted by a Broker
Property Details
State
Florida
Loan Details
Additional Loan Information
Property on waterfront island in Miami, FL. Borrower will sever the lot and build two additional homes worth 18-20 million each. Area has homes up to 35 million. The house exists on the land and it was recently appraised at 15 million. This is not her personal home. It is an investment property. I am a broker representing a client.
Status
Closed
Created
January 16, 2020 - 1:28pm
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