Loan amount
$350,000,000
Loan type
As-Is Property Value
$500,000,000
LTV
70% {LTV}
Property type
Land
Borrower Details
Credit score
700
Deal experience
None
This loan scenario was submitted by a Broker
Property Details
State
Nevada
Loan Details
Additional Loan Information
Client is a film producer looking to purchase 268 acres in LV to build a new entertainment complex including a casino, hotel and more. Can raise up to $150mm. GC is a major company in LV with plenty of experience. LOIs from several major brand names for the vertical are ready. Once land is secured, an opportunity for loans on verticals is open too.
Status
Created
November 10, 2020 - 2:19pm

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