Loan amount
$200,000
Loan type
Purchase
{Rent&Hold}
Property value
$383,000
{PP:$225,000}
LTV
52%
{LTV}
Property type
Vacant Land
Credit score
680
Deal experience
1 deal
This loan scenario was submitted by a Broker
No
City
Crescent City
State
Florida
Purchase price
$225,000
Down payment
$25,000
Additional Loan Information
Two vacant lots both located directly on Lake Crescent, Crescent City, Florida. Own one lot free and clear, appraised at approx $175,000 less then 30 days ago. The second lot we want to purchase. Recently appraised for approx $208,000. Would like to secure funding for approx 50% of value of both lots for future development. Have copy of both appraisals
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
November 28, 2023 - 2:20pm
Hard Money Lenders Now Offering Real Estate Investor Loans in Florida Orlando | Tampa | Miami | Jacksonville | Gainesville | Tallahasee Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans