Loan amount
$325,000
Loan type
As-Is Property Value
$500,000
LTV
65% {LTV}
Property type
Single family home
Borrower Details
Credit score
799
Deal experience
3 deals
This loan scenario was submitted by a Broker
Property Details
State
New Mexico
Loan Details
Additional Loan Information
I have paid $49k for a piece of land. I have a home construction plan for $315k. I want to build the home now. This will be our retirement home. Located in Rancho Verde Subdivision in Tijeras, NM. The subdivision is a high class subdivision and homes within are valued at 300K to 3.5 million. Estimated timeline of 5-6 months to build the house.
Status
Created
October 7, 2019 - 11:40am

Hard Money Lenders Now Offering Real Estate Investor Loans in New Mexico Albuquerque | Las Cruces | Rio Rancho | Sante Fe | Roswell | Farmington Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans