Loan amount
$4,200,000
Loan type
As-Is Property Value
$6,000,000
LTV
70%
{LTV}
Property type
Residential lot development
Borrower Details
Credit score
500
Deal experience
10000 deals
This loan scenario was submitted by a Broker
Property Details
State
Texas
Loan Details
Additional Loan Information
77 acres in Houston, owned by partnership, will be annexed into Improvement District that will fund all development costs. On the $6 million value, it is per a CBRE appraisal.
Status
Closed
Created
July 16, 2019 - 7:41pm
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