Mortgage lead for Land loan in Tombstone, AZ, 85638

Loan Request for Land loan in Tombstone, AZ, 85638

Request #3702571 by Lender

Date Posted

8/14/2024 12:55:50 PM

Property at

Tombstone, AZ, 85638, USA Show Map

Borrower at

Property Type

Land

Property Value

$30,000,000

Loan Request

$3,500,000

LTV

11.67 %

Credit Rating

740-749

Loan Purpose

Property Purchase

Purpose

Purchase
Development Land of 7,100 Acres immediately next to Tombstone AZ.
-City in talks for Annexation of all developed land for tax base increase

$5m Sales Price
1st Lien $3.3 Million
Bwr has $1.7 Escrowed in Title Now.

Comp from Previous Sales of nearby property at $13,300 per acre
(25% of Current Value Per comps $23,607,500)
Soil test from Napa Valley Cali confirm vineyard soil value
Property has 11 Deed Water Wells on property (worth at least $125k Each ($1,375,000)
18 Miles of Completed Road on Property ($200,000 Cost)
New Weather Station on Property for Vineyard Area of 125 Acre for Boutique Hotel
Sale Comp 1 from 2022 of 125 AC sold for $1.5 Million to Irvin Wines
Sale Comp 2 from 2022 of 100 AC sold for $1.5 Million to Irvin Wines Also

Need to close AS SOON AS POSSIBLE....

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Loan Request for Land loan in Tombstone, AZ, 85638