Mortgage lead for Residential loan in Sloatsburg, NY, 10974

Date Posted

10/4/2026 4:32:55 PM

Property at

Sloatsburg, NY, 10974, USA Show Map

Borrower at

VALLEY STREAM, NY, 11581, USA Show Map

Property Type

Residential

Property Value

$12,200,000

Amount of Existing Loans

$1,950,000

Loan Request

$6,700,000

LTV

54.92 %

Credit Rating

750-759

Net Worth

Over $10,000,000

Loan Purpose

Refinance and Construction

Purpose

to fund 75% of the construction cost of 3 homes
2 of the homes are 8,800,000 sq ft each and each will sell according to a lender appraisal for 4.4 million, the third is 5700 sq ft and will sell for 3.4 million
all 3 lots and are on lakes and have lakefront property and are part of a very high end subdivision called Pierson Lakes which is 2 .5 miles from Tuxedo Park
Comparable homes sell for over 500 per sq ft
the subdivision is on 1000 acres on 2 lakes it's43 home site the home sites are all 3-7 acres

this is phase 2 and 3 of 68 lots the first 25 were sold by some of the partners over 7 yrs ago.
the lead developer (Shant Gueyikian) nis worth 23mm and has 8.5mm in liquid assets
he has built over 150 of these type homes over the last 5 yrs
his father (Luther Guyikian) one of the partners sold over 500 homes
but not in the last 3 yrsLuther has a net worth over $10mm and 1.2mm in liquid assets

Hard Money Guides

TYPES OF LOANS WE HANDLE:

PRE-APPLICATION OPTIONS:

BLOG SUBJECTS

Loan Request for Residential loan in Sloatsburg, NY, 10974