Loan amount
$600,000
Loan type
Purchase
{Construction}
After Repair Value
$1,500,000
{PP:$600,000}
ARV
40%
{ARV}
Property type
Vacant Land
Borrower Details
Credit score
700
Deal experience
20 deals
This loan scenario was submitted by a Broker
Yes
Property Details
City
Lasqueti Island
State
Florida
Loan Details
Purchase price
$600,000
Down payment
$200,000
Cost of improvements
$200,000
Estimated property value after repairs
$1,500,000
Additional Loan Information
This project is located in BC, Canada.
Looking for a land loan for $600,000 as clients are buying this land and subdividing the property into 16 lots and selling each for approx $200,000. There are plans to divide from engineer and they have already begun selling these sections of land and have some serious offers coming in. We need to close on this land before these people can put in a firm offer to purchase.
Looking for a land loan for $600,000 as clients are buying this land and subdividing the property into 16 lots and selling each for approx $200,000. There are plans to divide from engineer and they have already begun selling these sections of land and have some serious offers coming in. We need to close on this land before these people can put in a firm offer to purchase.
Status
Open
Created
March 9, 2021 - 12:06pm
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