CR Tel: 2288 1858
CR Tel: 2288 1859
US Tel: 310 359 8104

$190K Loan. 30% LTV Lakefront Arenal House

  • Loan Amount: $ 190,000
  • Listing Type: Hard Money Loans and Commercial Financing
  • CRC Professional: Marc Schweitzer
  • Listing No: HM 284

Please contact me about this listing
Add to favorites Printer Friendly Version of This Page
Add to favorites Print brochure




Loan Specifics

Loan 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."


 
Logo

Welcome, Visitor!
Save Listings & Searches
Receive Listing Alerts
Subscribe to Newsletter
(Sign Up Now)
Already a Member? Sign In