I was wondering if anyone knew of a lender to fund or even private money investors?
control of land by escrows bought for 4,900,000
current value of land 9,000,000
57 luxury homes to be built- finished sales price 1.2 mill
total cost 695,000 per home
profit per home 505,000
appraised value of finished development-25,785,000
completed ltv- 34%
total project profit 28,785,000
construction loan amount after closing costs 9,900,000
NO I WILL NOT CO-BROKE!