Deal Status

Active

Property Address

Meredith New Hampshire 2 lots - 8 acre and 9 acre of

Meredith, New Hampshire

03253

Requested Loan Amount

275000.00

Loan to Value

30

Loan Term

12

Lien Position

1st

Collateral Type

Residential Property

Exit Strategy

Sale of Subject Property

Property Type

Single Family Residence

Property Occupied

No

Loan Type

Refinance

Current Market Value

850000.00

Existing Mortgages

  • 1st

Mortgage 1 Balance

150000.00

Equity Cash Out

Yes

Equity Cash Out Purpose

Business Working Capital

Equity Cash Out Details

100,000.00 for working capital as borrower builds out these Lots / subdivisions. 1. Meredith, NH - 2 lots in a new subdivision- both on the market for $149,000.00 and $100,000.00 conservation area surrounds 2. Groton, NH - 9 lots proposed subdivision in process Stunning panoramic views Mt. Carr and Mt Moosilauke 3. Wentworth NH - 5th lot of subdivision - gravel pit (to be removed) - River House Lot CMA's done on all lots David Lorrey Have a Schedule of Real-Estate Resume for Stan Jackson Market Analysis

Appraisal

No

APN Parcel ID

TBD

Lot Size

140

Will additional properties be collateralized?

Yes

Borrower Entity

Not Sure

Borrower Credit Rating

Good

Comments

1. Meredith, NH - 2 lots in a new subdivision- both on the market for $149,000.00 and $100,000.00 conservation area surrounds 2. Bailey Hill Road, Groton, NH - 9 lots proposed subdivision in process Stunning panoramic views Mt. Carr and Mt Moosilauke 3. East Side Road, Wentworth NH - 5th lot of subdivision - gravel pit (to be removed) - River House Lot

First Name

robert

Last Name

walsh

Company

Manhattan Commercial Mortgage

Role

Mortgage Broker

Location

West Yarmouth
Massachusetts
USA