LOAN OFFER - Real Estate Finance2024-03-28T13:39:43Zhttps://realestatefinance.ning.com/forum/topics/loan-offer-324?feed=yes&xn_auth=noGood Evening,
I hope all is w…tag:realestatefinance.ning.com,2018-08-26:6517464:Comment:3283822018-08-26T04:54:16.049ZVictor Greshamhttps://realestatefinance.ning.com/profile/VictorGresham
<p>Good Evening,</p>
<p>I hope all is well.</p>
<p>I am looking for an $8,750,000 equity based loan secured by 213 acres +/- acres valued $17,500,000.</p>
<p>Property / land has real estate attached.</p>
<p>I need to close in 7 -10 business days.</p>
<p>Property Attributes</p>
<p>The property address is 140 Aubrey Dr. Butler, PA..</p>
<p>The property includes a 18 Hole Golf Course (approx. 110 acres ), approx. 105 acres of vacant development land, Clubhouse, Tea House, and associated…</p>
<p>Good Evening,</p>
<p>I hope all is well.</p>
<p>I am looking for an $8,750,000 equity based loan secured by 213 acres +/- acres valued $17,500,000.</p>
<p>Property / land has real estate attached.</p>
<p>I need to close in 7 -10 business days.</p>
<p>Property Attributes</p>
<p>The property address is 140 Aubrey Dr. Butler, PA..</p>
<p>The property includes a 18 Hole Golf Course (approx. 110 acres ), approx. 105 acres of vacant development land, Clubhouse, Tea House, and associated Maintenance Buildings.</p>
<p>All of the land with the exception of 33 acres is zoned R-2 ( 8 units per acre).</p>
<p>A $1,000,000.00 + Clubhouse, 60 Golf Carts, and Tea House along with golf course maintenance equip.</p>
<p>The property and land is owned free and clear of any liens and held in a Family Trust.</p>
<p>Legal Description of Property</p>
<p>060-2f104-13E, 060-2F104-13F, 060-2F104-23DAA, 056-4-1, 056-4-2, 056-39B.</p>
<p>These parcels are located in Butler and Center Twp.`s of Butler County, Pennsylvania.</p>
<p>Requested Loan Terms</p>
<p>Non-Recourse Land Loan - Quick Close is the type of loan requested. (7-10 Days)</p>
<p>$17,500,000 Current Market Value.</p>
<p>$8,750,000 Requested Loan Amount (50% LTV).</p>
<p>1 Year Loan Term.</p>
<p>10% Annual Interest Only Payments.</p>
<p>(The entire one (1) year of interest only payments will be prepaid at closing so that there will be no interest only payments due during the one (1) year loan term.</p>
<p>One (1) Point paid for Loan Origination Fees.</p>
<p>If Land Finance Group LLC has an interest in approving our loan request to purchase this property and need more information, please email me with the request and I will secure the requested information.</p>
<p>Exit Strategy</p>
<p>Property will be refinanced after one (1) year to repay requested loan amount.</p>
<p>Conclusion</p>
<p>Property will be purchased for humanitarian purposes and to be developed for assisted living facilities.</p>
<p>Note: All property information provided by Seller.</p>
<p>I look forward to answering any questions you may have via email in order to receive a preliminary decision whether or not Land Finance Group LLC is interested in financing our purchase of the above property.</p>
<p>Best Regards.</p> I am looking for asset-based…tag:realestatefinance.ning.com,2018-08-18:6517464:Comment:3276832018-08-18T17:29:01.753ZRay Newbyhttps://realestatefinance.ning.com/profile/RayNewby
<p>I am looking for asset-based financing.</p>
<p>Property is in escrow.</p>
<p>40-unit motel, 2 mobile homes and 2 SFH, all on the same land.</p>
<p>The numbers are these:</p>
<p>Purchase price $799,000</p>
<p>Gross income $412,000</p>
<p>NOI $188,000</p>
<p>This is a ten-cap market…so the value of the property is $1,800,000</p>
<p>Seller is retiring, doesn’t need bulk cash, and is willing to carry a second of $399,000 @6% for 3 years.</p>
<p>I need $460,000 for the balance of purchase,…</p>
<p>I am looking for asset-based financing.</p>
<p>Property is in escrow.</p>
<p>40-unit motel, 2 mobile homes and 2 SFH, all on the same land.</p>
<p>The numbers are these:</p>
<p>Purchase price $799,000</p>
<p>Gross income $412,000</p>
<p>NOI $188,000</p>
<p>This is a ten-cap market…so the value of the property is $1,800,000</p>
<p>Seller is retiring, doesn’t need bulk cash, and is willing to carry a second of $399,000 @6% for 3 years.</p>
<p>I need $460,000 for the balance of purchase, closing costs and some cosmetic fixes.</p>
<p>I will refi in 3 years and consolidate to permanent financing.</p>
<p>Please let me know if interested. raye7777@gmail.com or 925-643-5119</p> ineed a loan to buy land and…tag:realestatefinance.ning.com,2018-08-17:6517464:Comment:3279022018-08-17T15:03:52.335Zvance hunterhttps://realestatefinance.ning.com/profile/vancehunter
<p>ineed a loan to buy land and houses on land watch, anyfees, i have that will buy them , can u helpme?i can payback, if the payments arent too high? thnxh vancehuntervance@yahoo.com letmeknow?vh</p>
<p>ineed a loan to buy land and houses on land watch, anyfees, i have that will buy them , can u helpme?i can payback, if the payments arent too high? thnxh vancehuntervance@yahoo.com letmeknow?vh</p>