Loan amount
$5,000,000
Loan type
As-Is Property Value
$19,000,000
LTV
27%
{LTV}
Property type
Residential development
Borrower Details
Credit score
750
Deal experience
10 deals
This loan scenario was submitted by a Broker
Property Details
State
California
Loan Details
Additional Loan Information
Approved residential development site. 1083 residential lots that require money to complete the servicing of the lots. Located near San Bernardino. 580 are fully entitled. Overall development 4300 homes plus commercial. Phase 1 money to be used to complete the servicing of the lots. Lifestyle community with golf course, commercial, etc. I am a broker representing my client.
Status
Closed
Created
March 3, 2020 - 8:28am
Hard Money Lenders Now Offering Real Estate Investor Loans in California Los Angeles | San Diego | San Jose | San Francisco | Fresno | Sacramento Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans