We are a Houston, TX based real estate development company looking for a hard-money short 12-month term loan to acquire our next land acquisition, the 460-acre Xrio Ranch, just 10-miles south of Columbia, TN for $3,995,000.
- Our source of payment back to the lender will come from the sales of subdivided individual parcels of land.
- 18 of the 26 parcels have already been pre-reserved by customers via non-refundable deposits. The cumulative value of the 18 pre-reserved parcels adds up to $6,567,500.
We have almost twice the value in our pre-reservations of $6,567,500, than the asking price for the property of $3,995,000!
- The total value of the entire subdivided ranch is estimated at $11,165,000.
- Even though we are looking for a 12-month term loan, we are expecting to pay the entire loan (principal and interest) in just six to nine months.
- In our previous acquisition, we were able to pay back the entire loan (principal and interest) in under seven months. This was due to the high demand for our unique product, resulting in quick sales of each individual parcel.
