Loan amount
$175,000
Loan type
As-Is Property Value
$250,000
LTV
70%
{LTV}
Property type
Single family
Borrower Details
Credit score
640
Deal experience
None
This loan scenario was submitted by a Broker
Property Details
State
Montana
Loan Details
Additional Loan Information
The property is 50 acres sub dived into 10 acre sections. One lot is ready to build on (power/sewer/water). The land is $80K. The first house will cost between $80-90K and can be set in 6 weeks. Resell first house for $259K, then start on the next step of development (additional 3 houses).
Status
Closed
Created
July 31, 2019 - 8:11am
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