Lenders wanted

CO, Multifamily, Construction, $450K, FICO, 40% LTV
Posted on 10/1/2014 6:54:02 PM

Property description.
40 acre parcel being subdivided into the following.
1 4.5 acre parcel with a 7 year old 1700 square feet, 3 bedroom, 2 bath home with 2 car detached garage.
1 29 acre parcel with a new construction 4900 square feet, 5 bedroom, 6 bathroom home with 3 car attached garage.
1 6.5 acre parcel of vacant land.

$450,000.00 loan amount requested, BPO $1,100,000.00. Funds to be used to;
1- Complete the new home construction, 98% completed, all interior finishes completed. Landscaping, deck railing etc are all that are remaining.
2 - Complete the subdivision. Planning and approval from the county are currently in place. Electrical utility is currently on the property. Natural gas and water will be installed during the construction of the road. The county utility is paying for the install when the trench is open. Our cost will be to open 1700' +- of trench, equal amount of county road to be constructed along with three drives of approximately 400' each.

REPLIES
  • by Darrell Leverson on 10/10/2014 6:40:21 AM

    If you are still looking for financing I can get this one done please give me a call at 800 235-8035
    between 9am- 11pm CST or email me at Darrell@PlatinumStarInvestorsGroup.com

Reply to this post

Name (required)
 
Message (required)
By submitting, I agree to the Terms & Conditions

Lenders wanted View all

State Requested Amount Property Type Loan Type FICO LTV Posted
NH $20M Commercial Construction 90% 10/1/2014
Details description Dear Sir or Madam I'm associated with a friend named Frank Rotondo who has his three spring water wells permitted to withdraw 309,000 gallons per day in place, his Building 50 ...
CT $300K Residential Purchase 50% 10/1/2014
Details description I have a person looking to purchase a 42 unit SRO building that they have managed for 2 years for the present owner. Buyer is a licensed realtor and well connected in the local ma ...
OH $45K Multi-family Refinance 25% 10/1/2014
Details description My wife has a four unit home, storage units and workshop on 5 acres with a pond in Philo, OH. Our family is looking for a $45,000 to $50,000 interest only loan with a balloon payme ...

Poll

Is TILA-RESPA a good or bad thing long term?