Loan amount
$500,000
Loan type
As-Is Property Value
$1,000,000
LTV
50%
{LTV}
Property type
Land
Borrower Details
Credit score
700
Deal experience
None
This loan scenario was submitted by a Broker
Property Details
State
Georgia
Loan Details
Additional Loan Information
16.5 Acres located 4/10's of a mile from the intersection of Highway 316 on the Lawrenceville side of Winder Highway. Zoned RZT attached or detached. The property is located on the Alcovy River and is in the Dacula school district. The borrower will provide the remaining balance for purchase. The borrow plans to build 72 townhouses on the land. Seeking terms of 8-10% and 12 months. I am a broker representing my client.
Status
Closed
Created
September 30, 2019 - 4:07pm
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