Loan amount
$500,000
Loan type
As-Is Property Value
$600,000
LTV
84%
{LTV}
Property type
Residential development
Borrower Details
Credit score
700
Deal experience
15 deals
This loan scenario was submitted by a Broker
Property Details
State
Georgia
Loan Details
Additional Loan Information
6.35 acres to be sub-divided into 3 lots for residential construction. Purchase price of $300K for the land. Construction budget $150K. 4 month timeline. Each lot will be worth $200K. Not yet in contract. Property located in Milton, GA. 15-18 month loan duration.
Status
Closed
Created
July 10, 2020 - 12:07pm
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