Loan amount
$250,000
Loan type
As-Is Property Value
$475,000
LTV
53%
{LTV}
Property type
Residential spec home new construction
Borrower Details
Credit score
620
Deal experience
8 deals
This loan scenario was submitted by a Broker
Property Details
State
Idaho
Loan Details
Additional Loan Information
Seeking construction loan to purchase lot and build 2200+ sqft home. In very nice neighborhood with beautiful territorial views. Lot cost is $75K. After construction value is estimated at $475K. Will look to sell once completed. I am an experienced general contractor. 7-8 month timeline for construction plus 1 month for permits.
Status
Closed
Created
August 6, 2019 - 9:10pm
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