Lenders wanted

CO, Residential, Construction, $450K, FICO, 40% LTV
Posted on 10/21/2014 10:02:49 AM

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 Michael Washington Pennington Consulting Group on 11/5/2014 1:54:42 PM

    Good Evening how are you my name is Michael Washington from
    Pennington Consulting Group
    i would like to speak to you in reference about your loan so please call me at 443-467-3578 my email is
    Washington@PPenningtonconsultinggroup.com again i look forward to hearing back from you soon.

    Thank You!
    Michael Washington!

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MI $100K Commercial Purchase 80% 10/21/2014
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CO $450K Multifamily Construction 40% 10/1/2014
Details description 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 ...

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