Deal Status

Active

Property Address

Cullowhee North Carolina

Requested Loan Amount

$65,000

Loan to Value

20%

Loan Term

12 months

Lien Position

1st

Collateral Type

Residential Property

Exit Strategy

Sale of Subject Property

Collateral and Loan Details

Property Type

Single Family Residence

Number of Bedrooms

3

Number of Bathrooms

2.5

Owner Occupied

No

Loan Type

Ground-Up Construction (already own land)

Property Sq. Footage

1,758

Project Description

Subject Property Type: Single Family, Riverfront Home Beds: 3 (w/Master Suite) Baths: 2.5 Square Feet: 1,758 Total Costs: $242,657.10 (House + Land) – Land purchase in a batch of lots Cost per Sq. Ft: $109.60 Loan-To-Cost: 32.4% Value per Sq. Ft: $180 to $220* Value Range: $316,440 to $386,760 Loan-to-Value: 19.75% to 16.16%

Property Type

Residential

Residential Property Type

Single Family Residence(s)

Commercial Property Type

Other

Project Phase

Partially Completed

Land Value

$50,000

Estimated Costs

$192,675

Have Budget

Yes

Projects Completed

8

Licensed Contractor

No

Will additional properties be collateralized?

No

Borrower Entity

Individual(s)

Borrower Credit Rating

Excellent

Attachments

First Name

Lamar

Last Name

Barnes

Phone Number

(202) 599-8449

Company

BW Capital Advisors

Role

Consultant

Location

WASHINGTON, Dist of Columbia

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