Investment Opportunity Available
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2007 Phoebe Drive, Greensboro, NC 27403
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Video Tour for 2007 Phoebe Drive
Investment Summary
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TYPE REAL ESTATE ASSET CLASS
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Short-Term Bridge Loan Single-Family Residence
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Borrower is licensed realtor with over 20 years of experience in real estate brokerage and investments
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Borrower currently owns over 20 rental homes and is looking for a 60-day bridge loan
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Borrower used her own funds to renovate and update the property. The current home is scheduled to be listed on the MLS (Multiple Listing Service) by June 20, 2023.
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Borrower has a 790+ middle credit score and is an excellent financial and credit individual
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Exit strategy is to sell the home.
Investment Overview for Capital Partner
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INVESTMENT/LOAN TYPE Short-Term Bridge Loan
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LIEN POSITION Primary
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REQUESTED CAPITAL AMOUNT $140,000.00
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PURCHASE PRICE N/A (Already owned by Borrower)
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DOWN PAYMENT N/A (Borrower put down over $20,000 when asset was purchased)
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ARV LTV 65%
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EXPECTED LOAN TERM 2 months or less
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AMOUNT HELD FOR REHAB N/A (Borrower has been updating properties themselves)
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USE OF PROCEEDS Temporary Bridge Loan
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EXIT STRATEGY Refinance
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MATURITY DATE 8-30-2023 or sooner
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TARGETED RATE OF RETURN 13% APR
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ABOUT THE REAL ESTATE ASSET
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ADDRESS 2007 Phoebe Drive, Greensboro, NC 27403
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TYPE Single-Family Residence
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BEDROOMS 3
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BATHROOMS 2
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SQUARE FOOTAGE 1,393