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Loan Request for Land loan in Galesburg, IL, 61401

Request #3702573 by Lender

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8/14/2024 9:08:36 PM
Galesburg, IL, 61401, USA Show Map
Land
$4,500,000
$775,000
$1,100,000
24.44 %
700-719
Refinance all
The borrower is requesting a loan amount of $ 1,500,000. ( 50% of AS IS Value ) There are improvements on the Subject property which will be demolished once he completes the Architectural plans and Engineering. The $ 1.5 M will be used to pay off 1st lien and to pay of Arch & Engineering - Soft Cost. Plans is to develop and build Apartments.

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