Mortgage lead for Land loan in Dallas, TX, 75211

Loan Request for Land loan in Dallas, TX, 75211

Request #3717015 by Lender

Date Posted

2/27/2025 12:04:43 PM

Property at

Dallas, TX, 75211, USA Show Map

Borrower at

Property Type

Land

Property Value

$1,400,000

Loan Request

$750,000

LTV

53.57 %

Credit Rating

680-699

Net Worth

$250,000 - $500,000

Loan Purpose

Property Purchase

Purpose

Seeking funding for the acquisition of 4811 Hale St, a shovel-ready development site in West Dallas, pre-approved for 38 townhomes with potential expansion to 68 units. The land is fully entitled, with utilities and infrastructure ready to begin construction immediately. The purchase price of $750K represents an instant equity gain, as the land is valued at approx. $1.4M as-is.

The development is in a growing high-demand area with some early adoption, near Bishop Arts District, Trinity Groves, and major job centers, ensuring strong buyer and high rental interest. Pre-sales and lender indicate units will sell for $450K each.

Funds will be used for land acquisition and initial site preparation, positioning for pre-sales and construction financing within months. With multiple exit strategies, including pre-sales, rental DSCR refinancing, and bulk sales, the investment is structured for minimal risk and strong returns.

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Loan Request for Land loan in Dallas, TX, 75211