• June 14, 2022 4:20 pm
$22,000,000(Fixed)

We are purchasing 85 acres on a major thoroughfare, on the north side of San Antonio. OUr lender tried to circumvent us and purchase the land directly, so we are looking for financing.

We have presold 63 acres for $52 million. ($25.4 million are hard contracts, $26 million are LOIs.) All environmentals are done and plans are approved by the city.

We need to close fast

Purchase price: $22 Million
Proposed Interest: 12-18%
Term: 12-36 months
IO preferred

Overview

  • Category : Real Estate

Location

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