Zion Road TX Land Loan
Speculative, rapid 6-day close, 64% LTV
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.
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