Loan amount
$0
Loan type
As-Is Property Value
$20,000,000
LTV
0%
{LTV}
Property type
Single family home, land
Borrower Details
Credit score
850
Deal experience
2 deals
This loan scenario was submitted by a Broker
Property Details
State
Massachusetts
Loan Details
Additional Loan Information
SFH with 275 commercial subdivided acres. Price $7.5M. 322 Fairview Ave Rehoboth MA 02769. My intent is to cash-out on the property based on the Sothebys $20M BPO value at $9.6M to also renew/remodel to L.E.E.D.environmental standards to bring the total value to $25M-$30M with the important component being the solar farm project on 32 of the 275 acres to generate a $15M-$40M income (stated in the solar analysis completed) and significant tax credits. The property is under contract. Loan duration of 12 months.
Status
Closed
Created
September 23, 2020 - 12:37pm
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