Loan amount
$22,000,000
Loan type
Purchase
{Construction}
After Repair Value
$40,000,000
{PP:$1,100,000}
ARV
55%
{ARV}
Property type
Vacant Land
Borrower Details
Credit score
735
Deal experience
3 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Amarillo
State
Texas
Loan Details
Purchase price
$1,100,000
Down payment
$100,000
Cost of improvements
$21,000,000
Estimated property value after repairs
$40,000,000
Additional Loan Information
!
I have completed extensive architect and engineering for this project. We have larger
lenders available or you can look at that as well but once we get the larger loan, we will pay this loan off should be one year to 18 months or less. If approved, this will be the only lien on the property my local bank just ordered a land appraisal out of Dallas FYI.
I have completed extensive architect and engineering for this project. We have larger
lenders available or you can look at that as well but once we get the larger loan, we will pay this loan off should be one year to 18 months or less. If approved, this will be the only lien on the property my local bank just ordered a land appraisal out of Dallas FYI.
Status
Open
Created
March 29, 2023 - 3:56am
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