Loan amount
$100,000
Loan type
As-Is Property Value
$135,000
LTV
75%
{LTV}
Property type
Single Family
Borrower Details
Credit score
620
Deal experience
None
This loan scenario was submitted by a Broker
Property Details
State
Utah
Loan Details
Additional Loan Information
We would like to use a 7 Acre building lot, along with 8 additional adjoining acres as collateral to borrow $100,000 to construct a Single Family Residence with a Mother in Law Apartment. The cost of the project will be $140,000 of which we will contribute $40,000 in personal funds and labor to complete the project.
Status
Closed
Created
July 8, 2019 - 7:00am
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