Loan amount
$450,000
Loan type
Purchase {Construction}
After Repair Value
$750,000 {PP:$350,000}
ARV
60% {ARV}
Property type
Vacant Land
Borrower Details
Credit score
721
Deal experience
13 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Fort Worth
State
Texas
Loan Details
Purchase price
$350,000
Down payment
$50,000
Cost of improvements
$150,000
Estimated property value after repairs
$750,000
Additional Loan Information
Acquisition and predevelopment of approximately 2.36 acres of vacant infill land in Fort Worth, Texas. Purchase price is approximately $350,000. Property is reported as MU-1 Low Intensity Mixed-Use and is being evaluated for multifamily/mixed-residential development. Seeking approximately $500,000 total financing: $350,000 for acquisition and approximately $150,000 for initial predevelopment/site improvements, including architectural/civil engineering, site planning, access improvements, grading, drainage, utilities and related development costs. Existing survey/plat materials identify a 26-foot access and utility easement from Cliffridge Lane. Architect-led feasibility and site planning are underway to establish optimal development yield. Sponsor is seeking a high-leverage acquisition/predevelopment structure with minimal cash required at closing and is open to controlled construction/predevelopment draws. Planned exit is refinance into ground-up construction financing following completion of feasibility, design, entitlement/permitting and construction underwriting.
Status
Created
September 30, 2026 - 10:55pm

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