Investment Opportunity Available
*For Financially Qualified Individuals ONLY!
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Single-family 2-story home in Hickory, NC
Investment Summary
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TYPE REAL ESTATE ASSET CLASS
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Fix and Flip Loan Single-Family Residence
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Borrower is a seasoned real estate investor of 20+ years and has completed over 200 transactions
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Exit Strategy is fix and flip.
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Borrower is looking for a short-term fix and flip loan from CCI. Expected term for the bridge loan is 6 months or less.
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Borrower has a 730+ middle credit score and is an excellent financial and credit individual
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Exit strategy will be to complete renovations and sell to an actual homeowner
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 $90,000.00
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ARV (After-Repair Value) $250,000.00
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DOWN PAYMENT $10,000.00
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ARV LTV 36%
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EXPECTED LOAN TERM 6 months or less
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AMOUNT HELD FOR REHAB $40,000.00 (Funds remain in attorney escrow until inspections)
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USE OF PROCEEDS Fix and Flip
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EXIT STRATEGY Resale
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MATURITY DATE 6 months or sooner
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TARGETED RATE OF RETURN 14% APR
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ABOUT THE REAL ESTATE ASSET
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ADDRESS Hickory, NC 28602 (Request Information for All Details)
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TYPE Single-Family Residence
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BEDROOMS 3
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BATHROOMS 1 (Renovations will add another bathroom)
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SQUARE FOOTAGE 1,385