Loan amount
$500,000
Loan type
As-Is Property Value
$750,000
LTV
67%
{LTV}
Property type
Raw land (rural)
Borrower Details
Credit score
720
Deal experience
1 deal
This loan scenario was submitted by a Broker
Property Details
State
Washington
Loan Details
Additional Loan Information
Purchase 50.24 acres for $225k. Subdivide into ten, five acre lots. Build a modest three bedroom house on each plot under $200k budget. Sell plots individually for $300k+. Profit $50k-$100k on each plot for a estimated total of $500k-$1m profit.
Status
Closed
Created
August 27, 2019 - 8:14am
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