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Question
Loan To Value
Upmarket Builders, a builder of fine homes, owns twenty 2 acre lots in a subdivision outside of Princeton, New Jersey. The 5,000 square foot homes built on these lots will sell for $2 million. Appraisers value the lots at 30% of the final home price. Regent Bank is willing to make a land loan at a 50% Loan to Value. How much will they lend?
Answer
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Related questions
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General
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Adjustments to NOI: Vacancy Loss
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Characteristics of Reg D offerings generally include all of the following except:
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b) allocations that are reflected in capital accounts
c) liquidations in accord with capital accounts
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c) ii,iii
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True or False
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Put the stages of the land development process in the proper order: a) Contact Broker, Option, Development, Sales b) Contact Broker, Development, Option, Sales c) Development, Contact Broker, Sales, Option d) Option, Contact Broker, Sales, Development
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