Loan amount
$1,600,000
Loan type
Purchase
{Fix&Flip}
After Repair Value
$3,200,000
{PP:$2,300,000}
ARV
50%
{ARV}
Property type
Vacant Land
Borrower Details
Credit score
780
Deal experience
20 deals
This loan scenario was submitted by a Broker
Yes
Property Details
City
Plugerville
State
California
Loan Details
Purchase price
$2,300,000
Down payment
$1,000,000
Cost of improvements
$300,000
Estimated property value after repairs
$3,200,000
Additional Loan Information
Hello, my name is Ray, and I am a broker in CA.
We are currently in escrow for a lot in Pflugerville (Austin) in TX, which happens to have an SFR on a 5 acre parcel. we will process the entitlement for apartment on the land.
We are open to either a residential mortgage or bridge loan, depending on the terms and turnaround time needed to close.
Price is $2.3M
Loan $1.4M
12 months + 12 months option term
I would love to discuss in detail if you can provide some further information or direct us to a loan officer.
We are currently in escrow for a lot in Pflugerville (Austin) in TX, which happens to have an SFR on a 5 acre parcel. we will process the entitlement for apartment on the land.
We are open to either a residential mortgage or bridge loan, depending on the terms and turnaround time needed to close.
Price is $2.3M
Loan $1.4M
12 months + 12 months option term
I would love to discuss in detail if you can provide some further information or direct us to a loan officer.
Status
Open
Created
December 6, 2022 - 2:16pm
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