Capital Requirement in Birch Bay, Washington State, USA
Private Financing $1,6M Required 2 Year Term
Land (38.3 acres) - Blaine Road, Birch Bay, Washington State, USA
Professional appraisal (as of March 9th, 2009) $2,681,000.00
Loan required 60% LTV = $1,608,600.00
Term 2 years
Interest paid in advance @ 16% PA = $514,752.00
2 years property taxes paid upfront = $12,000.00est
Legal fees paid upfront = $5,000.00est
Existing mortgage cleared in full providing clear title = $175,000.00est
Net funds advanced to borrower = $901,848.00est
All funds in USD
About This Property
Category
Investing/Development
Sold by
Company
Address
Birch Bay
Washington State
USA
Washington State
USA