Loan Request for Land loan in Fairview, TN, 37062

Request #3749931 by Lender

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Date Posted

8/6/2025 4:45:41 PM

Property at

Fairview, TN, 37062, USA Show Map

Borrower at

Property Type

Land

Property Value

$3,250,000

Loan Request

$1,300,000

LTV

40 %

Credit Rating

760-779

Net Worth

$4,000,000 - $10,000,000

Loan Purpose

Purchase and Construction

Purpose

$1,350,00 Land acquisition after rezone approval in Sept. as a bridge loan until sell lots to Meritage for $80,000 lot over 41 lots. PSA received from Meritage and is ready to execute. Acquire 10-3-25 and then Sell to Meritage approximately one year later once construction docs are done.

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Loan Request for Land loan in Fairview, TN, 37062