Investment Opportunity Available
%20copy.png){kind=small}
3624 Morris Farm Dr #1C, Greensboro, NC 27409
Investment Summary
_____________________________________________________________
TYPE REAL ESTATE ASSET CLASS
_____________________________________________________________________
Short-Term Bridge Loan Single-Family Residence
_____________________________________________________________________
Borrower is licensed realtor with over 20 years of experience in real estate brokerage and investments
___________________________________________________________________
Borrower currently owns over 20 rental homes and is looking for a 60-day bridge loan
____________________________________________________________________
Borrower used her own funds to renovate and update the property. The current home is currently being used as a short-term rental.
____________________________________________________________________
Borrower has a 790+ middle credit score and is an excellent financial and credit individual
____________________________________________________________________
Exit strategy is to refinance the home. Borrower has already been approved by one of our hedge funds for long-term rental loan financing.
Investment Overview for Capital Partner
_____________________________________________________________
INVESTMENT/LOAN TYPE Short-Term Bridge Loan
_________________________________________________________________________
LIEN POSITION Primary
_________________________________________________________________________
REQUESTED CAPITAL AMOUNT $162,000.00
________________________________________________________________________
PURCHASE PRICE N/A (Already owned by Borrower)
_________________________________________________________________________
DOWN PAYMENT N/A (Borrower put down over $20,000 when asset was purchased)
_________________________________________________________________________
ARV LTV 77%
________________________________________________________________________
EXPECTED LOAN TERM 3 months or less
________________________________________________________________________
AMOUNT HELD FOR REHAB N/A (Borrower has been updating properties themselves)
________________________________________________________________________
USE OF PROCEEDS Temporary Bridge Loan
________________________________________________________________________
EXIT STRATEGY Refinance
________________________________________________________________________
MATURITY DATE 9-30-2023 or sooner
_________________________________________________________________________
TARGETED RATE OF RETURN 15% APR
_________________________________________________________________________
ABOUT THE REAL ESTATE ASSET
_____________________________________________________________
________________________________________________________________
ADDRESS 3624 Morris Farm Drive, #1C, Greensboro, NC 27409
________________________________________________________________
TYPE Single-Family Residence
________________________________________________________________
BEDROOMS 2
_________________________________________________________________
BATHROOMS 2
_________________________________________________________________
SQUARE FOOTAGE 1,116