Land Loan


Mesa, AZ
13.6 Acres of Land

Principals of Schelin Uldricks & Co. arranged a $1,750,000 Land Acquisition Loan representing 62.5% LTC for the acquisition of an 18.8 acre site in Mesa, AZ. The financing included release provisions for several parcels within the site that the developer intended to sell off to builders shortly after close. The loan had an 18-month term with a 6-month extension option

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