Loan Request for Land loan in Pittsboro, NC, 27312

Request #3710107 by Lender

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Date Posted

12/20/2024 3:48:56 PM

Property at

Pittsboro, NC, 27312, USA Show Map

Borrower at

Property Type

Land

Property Value

$21,000,000

Amount of Existing Loans

$11,000,000

Loan Request

$12,000,000

LTV

57.14 %

Credit Rating

750-759

Loan Purpose

Refinance all

Purpose

Refinance of a horizontal Loan completed with Pre-Purchased and Lot take down schedule. Equity built in at a 50 LTV. Lots competed and schedule to sell in Q1-Q3 of 2025

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Loan Request for Land loan in Pittsboro, NC, 27312