Kurt Grossman RE's Blog (2)

10% Down on fully entitled lots

A while back someone announced they would lend on land that had entitlement. Raw land is usually no more than 50% loan to value.

I'm looking for someone to do 90% financing on 122 fully entitled lots. 2 of the lots have homes on them.

40 lots have utilities in.

Is that a program that exists?

Looking for 

$1,500,000 sales price - 10% - $150,000 down payment = $1,350,000

2 spec homes at $165,000 each or $330,000

Completed Value of the homes;…


Added by Kurt Grossman RE on May 25, 2021 at 5:38pm — 1 Comment

Arrow Creek Construction Ready for LOIs

Some time ago I started with 2 lots in Arrowcreek -- Reno, NV



Finally the owners are in a position to get funding.

4115 Spotted Eagle…


Added by Kurt Grossman RE on April 17, 2021 at 2:19pm — 1 Comment

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