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07-05-2022, 01:36 PM #1Senior Member
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Any construction you are going to need entitlements. $600,000 over $1.2M is 50% LTV for land loan. Take out $350k liens plus $85K taxes plus $200K well plus fees that's over 50% LTV...Too much hair on this deal.
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07-05-2022, 05:16 PM #2Senior Member
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$600K, if the letter were given with proof of funds, would most likely suffice for the court.
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