Loan amount
$7,500,000
Loan type
Purchase
{Construction}
After Repair Value
$70,000,000
{PP:$6,000,000}
ARV
11%
{ARV}
Property type
Vacant Land
Borrower Details
Credit score
750
Deal experience
4 deals
This loan scenario was submitted by a Broker
Yes
Property Details
City
Charlotte
State
New York
Loan Details
Purchase price
$6,000,000
Down payment
$3,000,000
Cost of improvements
$4,500,000
Estimated property value after repairs
$70,000,000
Additional Loan Information
Purchase of land that is shovel ready. Will be building 130 single unit houses on property
Status
Open
Created
September 2, 2021 - 2:14pm
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