Zion Road TX Land Loan

Tomball
,
TX
Speculative, rapid 6-day close, 64% LTV
Aerial view of land in Tomball, Texas
Amount: $
1212000
Interest Rate: 
%

StackSource arranged a $1,212,000 acquisition loan for an undeveloped parcel of land in Tomball, Texas. The purchase was purely speculative since the Borrower currently has no development plans. StackSource Capital Advisor Jaideep Chadha coordinated a smooth and rapid 6-day close. The 64% loan to value financing was provided by a private lender at an interest rate of 11%, along with a 1.5% origination fee.

Charitable Cause supported by 1% of StackSource's revenue on this transaction: