Loan amount
$1,000,000
Loan type
Purchase {Construction}
After Repair Value
$4,500,000 {PP:$400,000}
ARV
22% {ARV}
Property type
Mobile Home Park
Borrower Details
Credit score
640
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
La Luz
State
New Mexico
Loan Details
Purchase price
$400,000
Down payment
$0
Cost of improvements
$600,000
Estimated property value after repairs
$4,500,000
Additional Loan Information
I had a lender that did not perform as promised so Now I am trying to save my project.

I have a development project that is a 20 acres land pre-approval for 95 lots for sfr homes.

I need a $1m loan or jv partnership with real estate project as collateral first lien position.

First Stage is $1M loan to pay land in full $400k plus get lots ready $600k for excavation, grading, clearing, surveryor and etc.

I will then start get pre-orders for $50k each then pay loan off in full within 6 months.

Please let me know immediately if you need anything else or if you have any questions or cant do it.

I look forward to working with your group for a long time.

Status
Created
July 15, 2026 - 4:42pm

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