Loan amount
$1,050,000
Loan type
As-Is Property Value
$1,600,000
LTV
66%
{LTV}
Property type
Single family home
Borrower Details
Credit score
680
Deal experience
3 deals
This loan scenario was submitted by a Broker
Property Details
State
Utah
Loan Details
Additional Loan Information
Purchased a .4 acre building lot in established neighborhood and 3 small pieces that add another .25 acres to the original lot. All surveying and city approvals have already been completed and it has been recorded with the county. Paid total of $180,000 for all 4 parcels with surveying and permits. Address is 1577 S Centennial Blvd, Saratoga Springs, UT 84045. Owe $140k. Want to build 5900 sq ft house on .66 acre lot in gated community on golf course next to lake. Estimated value around $1.5 million. Cost to build around $900k Already have house plans and ready to submit for permits and break ground. Looking to spec but would buy if needed. Plan is to sell.
Status
Closed
Created
October 7, 2019 - 7:28pm
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