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