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
Open
Created
March 26, 2021 - 7:46pm
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