Loan amount
$3,065,000
Loan type
Purchase {Construction}
After Repair Value
$5,000,000 {PP:$215,000}
ARV
61% {ARV}
Property type
Single Family
Borrower Details
Credit score
740
Deal experience
8 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Durant
State
Oklahoma
Loan Details
Purchase price
$215,000
Down payment
$150,000
Cost of improvements
$3,000,000
Estimated property value after repairs
$5,000,000
Additional Loan Information
Magnolia is a 63.4-acre residential development in Durant, Oklahoma, with 103 planned single-family lots. Phase 1 consists of 43 lots and is fully entitled, with city and DEQ approvals completed. The property is already owned by the developer, providing substantial land equity in the project. The vision is to complete the horizontal infrastructure for Phase 1 and develop new 3- and 4-bedroom homes approximately 1,200–1,550 SF, targeting sales in the $250-$270Ks. The developer has more than 11 years of homebuilding and development experience in Texas and Oklahoma. We are seeking private capital for Phase 1 development and construction. The opportunity is backed by owned real estate, completed entitlements, multiple finished lots and homes, and a phased development strategy that allows capital to be deployed and returned as homes and/or finished lots are sold. The larger property also provides additional future development opportunities Multi family (144 units) in phase 2.
Status
Created
September 25, 2026 - 6:03pm

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