Loan amount
$1,088,000
Loan type
Purchase
{Construction}
After Repair Value
$3,000,000
{PP:$189,000}
ARV
36%
{ARV}
Property type
Vacant Land
Borrower Details
Credit score
604
Deal experience
1 deal
This loan scenario was submitted by a Broker
No
Property Details
City
Malone
State
New York
Loan Details
Purchase price
$189,000
Down payment
$1,000
Cost of improvements
$900,000
Estimated property value after repairs
$3,000,000
Additional Loan Information
Waterfront property in the Adirondack Park. Undeveloped 57 acres. Potential subdivision pending APA permitting. Development to entitlement stage and or spec home construction. Timber frame cabin approximately 4500 sq feet. Original design. Tremendous ROI potential. One year permitting process required. Subdivision up to ten lots. Pristine waterfront land. Over thirty five years construction manager experience. Over six development projects complete. ROI 200-500% historically
Status
Open
Created
June 19, 2021 - 8:03pm
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