Investment Opportunity Available
*For Financially Qualified Individuals ONLY!
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3 Property Portfolio in Greensboro, NC
Investment Summary
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TYPE REAL ESTATE ASSET CLASS
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Short-Term Bridge Loan 3 Single-Family Residences
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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 6 month bridge loan
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Borrower is currently using own funds to update the properties. In 2 of the homes, the borrower is currently adding a full bathroom in order to convert the homes to 3Br, 2Ba home. Excellent location.
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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 will be to get financed with long-term hedge fund capital once updates are completed
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 $340,000.00
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PURCHASE PRICE N/A (Already owned by Borrower)
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DOWN PAYMENT N/A (Borrower put down over $60,000 when asset was purchased)
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ARV LTV 68%
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EXPECTED LOAN TERM 6 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 7-31-2023 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 Greensboro, NC 27407 (Addresses provided for qualified investors)
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TYPE 3 Single-Family Residences
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BEDROOMS 3 (Property #1); 3 (Property #2); 2 (Property #3)
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BATHROOMS 1 (Property #1); 1.5 (Property #2); 1 (Property #3)
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SQUARE FOOTAGE 1,275 (Property #1); 1,479 (Property #2); 1,037 (Property #3)