Deal Status

Property Address

2011 Paul Quinn

Houston , Texas

77091

Requested Loan Amount

3850000

Loan to Value

4900000

Loan Term

18

Lien Position

1st

Collateral Type

Commercial Property

Exit Strategy

Sale of Subject Property

Commercial Property Type

Land

Cannabis Business

No

Number of Units

14

Current Occupancy

Vacant

Current Occupancy Percentage

14

Loan Type

Ground-Up Construction

Current Zoning

Array

Entitlement Status

Entitled

Development Status

Building Approval in Process

Existing Improvements

Array

Generate Income

No

Multiple Parcels

No

Property Type

Residential

Residential Property Type

Single Family Residence(s)

Project Phase

Planning

Land Value

500000

Estimated Costs

3850000

Description

14 Townhome development in Houston Texas in a highly marketable area. Price point for each town home is 325k to 350k. Construction cost 260k. Borrower is a builder and has managed ground up Residental and Multi family Apartment projects. borrower owns the land and in the process of having it replotted

Budget

Yes

Completed

25

Licensed

Yes

Property Photos

Will additional properties be collateralized?

No

Borrower Entity

LLC

Borrower Credit Rating

Good

First Name

Danny

Last Name

Mckinney

Company

DMAC Capital Funding, LLC

Role

Mortgage Broker

Location

Houston
Texas
USA