Loan amount
$16,200,000
Loan type
Purchase {Construction}
After Repair Value
$22,000,000 {PP:$850,000}
ARV
74% {ARV}
Property type
Vacant Land
Borrower Details
Credit score
700
Deal experience
2 deals
This loan scenario was submitted by a Broker
Yes
Property Details
City
Laramie
State
Wyoming
Loan Details
Purchase price
$850,000
Down payment
$150,000
Cost of improvements
$15,500,000
Estimated property value after repairs
$22,000,000
Additional Loan Information
I represent a Real Estate Developer in Laramie, Wyoming and he is trying to purchase a 24 acre property to build affordable housing for the area and has been approved by the city to do so.
Status
Created
April 30, 2021 - 10:33am

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