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 is the 1st lot ready for financing

Construction Cost Estimate of $1,651,016

Estimated Completed Value of between $2,600,000 and $3,000,000

We need to payoff the 1st TD of $180,000 on the land

2nd TD will subordinate or come in as an equity partner.

Value of the land is $425,000

Looking for a Construction Loan of $1,880,000

Future Value LTV 72.3% - 62.7%

Builder has done over 5 homes in this High End development

HOA approvals to build in place after a year of review.

Text before you call; 949-278-3216 cell/California Pacific Time

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

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