Mortgage Grapevine

Loan scenario: FL, $$1,500,000, , 15% LTV, Refinance, nodoc, OO

State: FL

Amount: $1,500,000

Property type: OTH

Documentation: nodoc


LTV: 15%

Occupancy: OO

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.

Reply to
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by richardloan October 17, 2012 4:14 PM

I might be able to help you. Please send me an executive summary so I can confirm.

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by HARDMONEYTAMPA October 17, 2012 11:50 PM

Is this property cash flowing at present, or will this be a asset we foreclose on ?

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