[Creative Lender]

We have a borrower with beautiful Pristine 91 acre parcel in Athens NY 12015 , you can see the parcel on his website( I will provide it if you are interested) He have the property for sale and have several interested buyers . Presently he is seeking a $1.000,000 loan for 2 reasons the 1st $400,000 will pay off his mortgage and give you a 1st position and the balance will be used to continue a subdivision of 9 of the 91 acres into 18 prime building lots with a value of $60,000 to $75,000 each the LTV will be between 16% and 30% . The Property is owned by one of his development companies . Let me know your thoughts when you have time .

[MissouriBroker1]

What is the current "As is" value of the land?

Tom Harrier
Integrity Commercial Loans, LLC
407-928-8542
broker@tomharrier.net

[Jstarr]

Normandy

[paulypubco]

We have a borrower with beautiful Pristine 91 acre parcel in Athens NY 12015 , you can see the parcel on his website( I will provide it if you are interested) He have the property for sale and have several interested buyers . Presently he is seeking a $1.000,000 loan for 2 reasons the 1st $400,000 will pay off his mortgage and give you a 1st position and the balance will be used to continue a subdivision of 9 of the 91 acres into 18 prime building lots with a value of $60,000 to $75,000 each the LTV will be between 16% and 30% . The Property is owned by one of his development companies . Let me know your thoughts when you have time .

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