Loan amount
$6,000,000
Loan type
Refinance
{Cash-Out}
As-Is Property Value
$10,000,000
LTV
60%
{LTV}
Property type
Vacant Land
Borrower Details
Credit score
780
Deal experience
50 deals
This loan scenario was submitted by a Broker
Yes
Property Details
City
Saint Peter
State
Florida
Loan Details
Current mortgage balance
$2,000,000
How much cash-out are you looking for?
$4,000,000
Additional Loan Information
Ocean front 5 acres fully entitled for an upscale senior assisted living. Full package, need bridge on land to fulfill other obligations prior to starting project. Appraisal already done on land , 10.2 M
Status
Open
Created
August 15, 2023 - 3:05am
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