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Loan Request for Land loan in Hudson, NY, 12534

Request #3760501 by Lender

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9/19/2025 5:51:49 AM
Hudson, NY, 12534, USA Show Map
Land
$4,000,000
$750,000
$960,000
24 %
680-699
$4,000,000 - $10,000,000
Refinance and Construction
JMMJ Development LLC is presently in a Chapter 11 reorganization JMMJ requests $750,000 to pay out the 1st mortgage and an additional $250,000 for working capital and legal fees for a total loan of $1,000,000 for 12to 18 month loan period the loan will be secured by 5 land parcels with a combined value of $4,000,000 . I just sold one of the properties for $270,000 those funds are being used to pay down the present 1st mortgage of $1,002,000 along with broker fees and closing costs.

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