Loan Amount: $750,000
Type: acquisition / 53% Ltv
Located in the desirable community of Sunrise Manor, this property consists of 19 partially completed residential lots ranging from .41-.45 acres each. Over $270,000 worth of prepaid water permits and fees have already been paid. Directly to the West of the lots you will find Mike O’Callaghan Middle School and each lot has beautiful unobstructed views of the Las Vegas Strip and mountains. BPO came back at $1,400,000 based off recent sales. Loan to be repaid upon the sale or refinance of the property.