LOW LTV deal in Myrtle Beach SC
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Steve Sellers
Oct 3, 2007, 8:58:28 AM10/3/07
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This is a great opportunity for a savvy real estate investor. Beautiful new construction home, never lived in. Owner wants out!
3 bedroom, 4 bath Meditteranean style home on the 17th hole of private golf course (with caddy). 3500 htd sq ft, in the most prestigious community between DC and Miami in Myrtle Beach, the golf capital of the world (over 85 courses within 30 miles)
Appraised value is $2,000,000 owner asking $1,375,000 (could go lower). That's an LTV of 69% ($625,000) in equity at closing.That gives you 68 months of payments on a 30 yr loan at 7%. Is that enough time to ride out the market? Call Steve at 843-465-9515 or email steve.c...@gmail.com
3 bedroom, 4 bath Meditteranean style home on the 17th hole of private golf course (with caddy). 3500 htd sq ft, in the most prestigious community between DC and Miami in Myrtle Beach, the golf capital of the world (over 85 courses within 30 miles)
Appraised value is $2,000,000 owner asking $1,375,000 (could go lower). That's an LTV of 69% ($625,000) in equity at closing.That gives you 68 months of payments on a 30 yr loan at 7%. Is that enough time to ride out the market? Call Steve at 843-465-9515 or email steve.c...@gmail.com
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