Lender for a construction loan covering 75% ARV
Looking for a lender/construction loan for the renovation of a historical home's interior and exterior, construction of a DADU, and pool installation. Anyone know of a lender offering 75% ARV?
PROPERTY DETAILS:
Status: Own
Location: Nashville, TN
Property Type: Residential Luxury
Historical Registration: Yes, Built in 1908
SIZE/FEATURES:
Lot Size: 0.25 acre
Home Size: 5,000 sqft
Bedrooms/Bathrooms: 5 bed / 5 bath
Garage: 2 car, detached
VALUATION:
Remaining Lien: $1,490,000
After Repair Value (ARV): $3,600,000 - $3,800,000
LOAN DETAILS:
Loan Amount: $1.1M - $1.2M
Interest Rate: -
Term: 12 months
ARV Percentage: 75%
Construction Financing: Covers 100% of Construction Costs
Looking for
Nashville, Tennessee
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