Loan amount
$6,000,000
Loan type
Refinance
{Cash-Out}
As-Is Property Value
$12,000,000
LTV
50%
{LTV}
Property type
Vacant Land
Borrower Details
Credit score
750
Deal experience
10 deals
This loan scenario was submitted by a Broker
Yes
Property Details
City
Ogden
State
Kansas
Loan Details
Current mortgage balance
$0
How much cash-out are you looking for?
$6,000,000
Additional Loan Information
Need bridge loan on ready to go commercial land worth $12 M + to pay off partners who do not want to develop property to build self storage and flag hotel High demand area with new HHS lab opening end of year, plus army soldiers at Fort Riley and Kansas State University Also, need more construction loans for apts, retail and industrial uses.
Status
Open
Created
February 8, 2021 - 4:11pm
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