Loan scenario: FL, $$1,500,000, , 15% LTV, Refinance, nodoc, OO
Property type: OTH
Loan purpose: Refinance
Client is looking for a 1st mortgage on a lot that is 1 square mile.
The land is to be used for mining, the value of the land is $10,000,000,
Please let me know if you are interested.
Direct lenders please.
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Is this property cash flowing at present, or will this be a asset we foreclose on ?
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