Loan Request for Land loan in Foley, AL, 36535

Request #3712197 by Lender

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Date Posted

2/5/2025 8:28:34 PM

Property at

Foley, AL, 36535, USA Show Map

Borrower at

Property Type

Land

Property Value

$650,000

Amount of Existing Loans

$110,000

Loan Request

$250,000

LTV

38.46 %

Credit Rating

780 or more

Net Worth

$500,000 - $1,000,000

Loan Purpose

Refinance and Construction

Purpose

Payoff 1st mortgage of $110k and borrow additional $100k. To make improvements on property and sell for $600-$650k. Property is waterfront and navigable to Gulf of Mexico. Located in Foley. Alabama.

thanks, steve

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Loan Request for Land loan in Foley, AL, 36535