$190K Loan. 30% LTV Lakefront Arenal House
Loan SpecificsLoan Summary: Lakefront house and lake view lot in Arenal, luxury gated community. Seeking a Hard Money Loan, 30% LTV and willing to pre pay one year interest.Loan Amount: $ 190,000 Cash Invested in Collateral: $ 450,000 Estimated Collateral Value: $ 625,000 Loan Term: 24 months Use of Funds: $150K to complete house in the same gated community and finish a model home in another project. $12,575 for closing costs. $26,600 One year’s prepaid interest. Exit Strategy: 1 yr Prepaid Interest Financed at closing. Principal will be paid through sales of homes or lots from this or other projects of developer. "The information listed above has been obtained from sources we believe to be reliable, however, we do not warrant its accuracy." |
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