Loan amount
$1,000,000
Loan type
Purchase
{Construction}
Property value
$3,500,000
{PP:$465,000}
ARV
29%
{ARV}
Property type
Vacant Land
Credit score
825
Deal experience
10 deals
This loan scenario was submitted by a Broker
No
City
San Jose
State
California
Purchase price
$465,000
Down payment
$665,000
Cost of improvements
$1,200,000
Estimated property value after repairs
$3,500,000
Additional Loan Information
I am building new Single family house in San Jose. Property address is 10225 Cinnabar Hills Rd San Jose 95120.
Appraised value of completed house will be 3.5mil. I have approved permits and foundation is done. Need funds to complete rest of the house.
Appraised value of completed house will be 3.5mil. I have approved permits and foundation is done. Need funds to complete rest of the house.
Status
Pending review: Please check your email. We will be sending you follow-up questions, if needed. Be sure to check your spam folder.
Created
February 16, 2022 - 11:28pm
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