Land Financing - Denison TX
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  1. 04-16-2024, 03:15 PM #1
    omegafund
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    Quote Originally Posted by bmckenzie67 View Post
    Client seeking $1.6MM from refinance of land in Denison, TX for a SFR development. Proceeds will be used to pay off existing senior lender of approximately $900K, along with working capital for reimbursement of engineering costs. Land recently appraised in December for $5.7MM.

    Please advise potential options along with rates and terms available.
    I love Texas Land Deals
    We just funded a 11M refinance cash out and another 5M cash out. in 10 days. Depending on some details this should be an easy deal for our investors

    Just need a good appraisal on site visit /survey for funding. Rates depend on details of the borrower and project

    message me for details.
    Benjamin Zuniga
    bzuniga@omegafund.com
    Last edited by omegafund; 04-16-2024 at 03:21 PM.
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