Loan amount
$5,000,000
Loan type
As-Is Property Value
$20,000,000
LTV
25%
{LTV}
Property type
Residential development
Borrower Details
Credit score
700
Deal experience
30 deals
This loan scenario was submitted by a Broker
Property Details
State
California
Loan Details
Additional Loan Information
110 lots to be serviced and 20 homes to be built. $43M in collateral once the work has been completed. Loan for land servicing and construction. Property close to Victorville in Apple Valley CA. I am a broker representing my client.
Status
Closed
Created
July 2, 2020 - 8:39am
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