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Purchase Loan in Texas

  • Posted on February 28, 2017
  • Status: Inactive ?

Loan & Collateral

Loan TypePurchase
Security1st Mortgage
Loan Amount$550,000
Collateral Value$2,800,000
Available Downpayment$450,000
Calculated LTV20% ?
Address774 E Hwy 80
CityAbilene
StateTexas
Property TypeHospitality

Exit Strategy

I will be refinancing at 18 months. Along with a $450,000 seller carry back.

Loan Proceeds

Purchase.

Borrower

ApplicantRonice Harrison
Agency?Borrower
OrganizationChelle Service Real Estate LLC
Credit Grade Inactive ?
Phone Number Inactive ?

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Private Money in Texas

The MoolahList hard money directory lists 112 lenders in Texas

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