Loan amount
$240,000
Loan type
As-Is Property Value
$285,000
LTV
85%
{LTV}
Property type
Residential development
Borrower Details
Credit score
720
Deal experience
100 deals
This loan scenario was submitted by a Broker
Property Details
State
Arizona
Loan Details
Additional Loan Information
I have a 37 lot subdivision. I have completed the first 16 lots with all infrastructure and started the first 6 homes. I am looking for new money to complete the other homes. Located in Wickenburg Arizona. I have a balance of $700K owed on the 31 lots at 0% interest for two years with lot releases. I purchased the project in July 2019.
Status
Closed
Created
May 27, 2020 - 12:07pm
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