Loan amount
$35,000,000
Loan type
As-Is Property Value
$100,000,000
LTV
35%
{LTV}
Property type
Commercial
Borrower Details
Credit score
700
Deal experience
1 deal
This loan scenario was submitted by a Broker
Property Details
State
California
Loan Details
Additional Loan Information
Need money to purchase property, get engineering, permits etc. to proceed with development. Have info from city acknowledging need. Have engineering expenses paid to date. Purchase price of the land is $17M. Not yet in contract but have been in talks with the realtor. My project details are to build a hospital, a medical office building, hotel, restaurants, Starbucks and a parking structure. Construction budget of $130M and a timeline of 4 years. Estimated value post-construction $4,600,500,000. Property located in Murrieta, CA. I am a broker representing my client.
Status
Closed
Created
October 17, 2019 - 8:12am
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