Investment Opportunity Available
*For Financially Qualified Individuals ONLY!
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Multi-Family Investment in Greensboro, NC
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Investment Summary
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TYPE REAL ESTATE ASSET CLASS
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ARV Renovation Investment Multi-unit investment (25 units)
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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 ARV loan
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Borrower is looking to acquire this multi-unit commercial property to upfit it and provide as student housing for one of the prominent universities in the area.
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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 ARV Loan
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LIEN POSITION Primary
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REQUESTED CAPITAL AMOUNT $1,500,000.00
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PURCHASE PRICE $1,200,000.00
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DOWN PAYMENT $100,000.00
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ARV LTV 70%
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EXPECTED LOAN TERM 6 months
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AMOUNT HELD FOR REHAB $500,000
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USE OF PROCEEDS Acquisition and Renovation
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EXIT STRATEGY Refinance
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MATURITY DATE 8-31-2023 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 27405 (Addresses provided for qualified investors
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TYPE Multi-family commercial property
BEDROOMS 25 Studio style units
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BATHROOMS 25 for each studio unit
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SQUARE FOOTAGE Building Square Footage is 6,263