I have a client who needs a hard money loan or no doc loan to purchase land to build a subdivision.

The land is shovel ready and all infrastructure is complete

The value of the land is $1.5M

The purchase price is $400,000

They're looking for a loan in the amount of $300,000

They will pay it back in 90-120 days

They have $205,000 sitting in escrow

Each home will cost between $250,000 and $265,000 to build and will sell between $550,000 and $650,000.

The escrow company will be able to close within 2 days after the lender's funds are deposited into escrow. Again, the subdivision is completely shovel ready.

After the homes are built the property will be worth $20M

The credit score is between 780-800

Need to close ASAP