Loan Request for Commercial loan in Hartwell, GA, 30643

Request #3708962 by Lender

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12/5/2024 1:25:50 PM
Hartwell, GA, 30643, USA Show Map
Daytona Beach, FL, 32118, USA Show Map
Commercial
$14,000,000
$5,000,000
35.71 %
680-699
Property Purchase
My client is seeking an 18-month loan to purchase the Cateechee Golf Conference Center. Purchase is 5 million. As is value is14 million. Property generates 3.2 million a year in income. Future planned revenue is 25 cottages at $40K-60K annual income each unit, a 24-room boutique hotel and 350 lots at $75,000 each. Expenses are 2.6 million a year.

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