Loan amount
$14,000,500
Loan type
Purchase {Rent&Hold}
As-Is Property Value
$75,000,000 {PP:$14,000,000}
LTV
19% {LTV}
Property type
Vacant Land
Borrower Details
Credit score
600
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
California
State
California
Loan Details
Purchase price
$14,000,000
Down payment
$-1
Additional Loan Information
Land development with water rights. Land and water rights are worth a combined $75,000,000. Can convert to cash to payoff the loan within 6 to 12 months after close. Water rights will be sold for cash. Buyer needs to move very quickly as an agreement has been executed with the seller. Looking for a HARD MONEY lender who will not review credit or financials, and does not require any cash to close the loan. All cost must be funded.
Status
Created
March 26, 2021 - 7:46pm

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