We have a Land owner and developer looking to put a deal together and need hard money to complete the project.
17M appraised value
Land lease back to developer for commercial use
loan needed around $11M
1.5M Down Payment
Owner is carrying back
what is time frame to get this deal done? whats the points attached from you and bank? actual numbers are $17.6 CBRE appraisal $9.2M sale price and $2M seller carry back plus $200K in escrow and bringing additional $1.3M at close.
need to close in 21 days or less deposit went to hard money already.