Loan amount
$2,525,000
Loan type
Purchase
{Construction}
After Repair Value
$4,000,000
{PP:$1,200,000}
ARV
63%
{ARV}
Property type
Vacant Land
Borrower Details
Credit score
730
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Spanish Fork
State
Utah
Loan Details
Purchase price
$1,200,000
Down payment
$175,000
Cost of improvements
$1,500,000
Estimated property value after repairs
$4,000,000
Additional Loan Information
I have $200,000 in cash and have spent $90,000 on the down payment for a customized lumber structure for a wedding venue. I will get funded through the SBA for the building of the venue itself. They want me to own the land first.
Status
Open
Created
April 8, 2022 - 9:31pm
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