Loan amount
$7,000,000
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$25,000,000
{PP:$7,000,000}
LTV
28%
{LTV}
Property type
Multi-Family 5+ Units
Borrower Details
Credit score
586
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Willis
State
Texas
Loan Details
Purchase price
$7,000,000
Down payment
$0
Additional Loan Information
Purchase and construction of 40 units (1200 sq ft p/u) and then permanent financing.
The property has the infrastructure in place for additional 86 units:
Blue lotted
No MUD tax
Water/sewer in place
Storm drains in
No IMPACT FEES
The property has the infrastructure in place for additional 86 units:
Blue lotted
No MUD tax
Water/sewer in place
Storm drains in
No IMPACT FEES
Status
Open
Created
July 3, 2023 - 2:23pm
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