Loan amount
$52,000,000
Loan type
Purchase
{Construction}
After Repair Value
$90,000,000
{PP:$14,000,000}
ARV
58%
{ARV}
Property type
Multi-Family 5+ Units
Borrower Details
Credit score
825
Deal experience
38 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Houston
State
Texas
Loan Details
Purchase price
$14,000,000
Down payment
$6,000,000
Cost of improvements
$44,000,000
Estimated property value after repairs
$90,000,000
Additional Loan Information
New construction class A multifamily, individual apartment homes presold, insulated concrete panel construction (very quick build). Looking for project cost lending for 2 projects in Houston
Status
Pending review: Please check your email. We will be sending you follow-up questions, if needed. Be sure to check your spam folder.
Created
August 27, 2024 - 1:52pm
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