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07-05-2022, 01:36 PM #3Senior Member
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- Join Date
- Sep 2021
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- Irvine, CA
- Posts
- 2,223
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.
Steve Benjamin
Professional Business Loans
522 Contessa
Irvine, CA 92620
steveprobiz@gmail.com
https://probizloans.net/
Broker, Underwriter, general business loan expert
949.228.1050
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