Mortgage lead for Land loan in Cullman, AL, 35058

Loan Request for Land loan in Cullman, AL, 35058

Request #3697537 by Lender

Date Posted

10/9/2023 3:14:55 PM

Property at

Cullman, AL, 35058, USA Show Map

Borrower at

Property Type

Land

Property Value

$400,000

Amount of Existing Loans

$2,000,000

Loan Request

$200,000

LTV

50 %

Credit Rating

700-719

Loan Purpose

Refinance all

Purpose

Waterfront 13.6 acre horse ranch to be redeveloped into 3 acre luxe home with stables and 10.6 acre waterfront park model community, with both long & STRs. Developer will sell a park model to those wanting to own & pay long term lot rent. The 3 acre home and stable will be sold to repay this loan. Developer has renovated, condoed, or built 2,000+ units & is experienced in mobile home park and RV park development & sales.

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Loan Request for Land loan in Cullman, AL, 35058