Raw land in Montana to be developed into luxury "glamping" cabins
In May of 2023, our client closed on the purchase of raw land totaling 80 acres located in Columbia Falls, Montana. The vast property is located near the beautiful Glacier National Park as well as the ski resorts in Whitefish, Montana. Our client plans to develop a number of luxury “glamping” cabins and other housing accommodations in the Montana countryside - giving park-goers and vacationers ample opportunities for luxury while exploring the state's natural beauty.
The requested loan amount for this deal was $1,110,000 and the property appraised for $1,850,000. The loan-to-value was 60%.
