Loan Request for Land loan in Covina, CA, 91724

Request #3691523 by Lender

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9/4/2019 9:21:33 PM
Covina, CA, 91724, USA Show Map
Covina, CA, 91724, USA Show Map
33 %
Unavailable for disclosure
Property Purchase
I am currently looking for a 100-155k land loan with down payment of 5-10%. Property address is 2374 Cameron Ave, Covina CA 91724 and parcel APN is 8277-029-031. The lot is currently scheduled to go for auction and I am working with the owner to acquire the land beforehand.I am currently working with an architect and at this time and we are in the concept design phase, but should be wrapping this up in approx. 1-2 months. Once this is done I will submit for plan check and permitting, followed by acquiring a construction loan. Once construction is completed I will acquire a traditional 15-30 year mortgage to pay off the land and construction loans.The total estimate for the project would 400-500k

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