Mortgage Grapevine

Loan scenario: GA, $300,000, 750, 40% LTV, Refinance, full, NOO

State: GA

Amount: 300,000

Property type: OTH

Documentation: full

FICO: 750

LTV: 40%

Occupancy: NOO

Loan purpose: Refinance

759 mid FICO score. Seeking 40% LTV +/- financing on two developed subdivisions. All infrastructure in place (roads curbs, gutter, most services, underground electric. Top Coat and bond paid for. Lots platted; approved septic etc. Large lots (.5-1 acres). 46 lots total on 41 acres; Paulding County, Ga. High growth area. Nothing wrong with these holdings. Would like to place for close to another year to allow for more profit potential. 2006 valuation estimated at $2.3m; 2008 FC Deeds on SDs in excess of $1.7m; estimated current value $700-850k. Seeking $300k.
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by richardloan October 19, 2012 7:04 PM

There may be options. I would be interested in knowing more.
Dr. Finance
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by paulbrowninvestment January 7, 2014 4:35 AM


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