INVESTMENT SUMMARY
| TYPE | UNDERLYING ASSET |
| Purchase | Single Family Residence |
| Experience rehabbing 6 properties in Pennsylvania. |
| The borrower put in 20% for a downpayment. |
| Good credit 757 and strong financials. |
| Repeat borrower |
| N/A |
| N/A |
| N/A |
OVERVIEW
| LOAN TYPE | Purchase |
| LIEN POSITION | 1st |
| LOAN AMOUNT | $206,380.00 |
| PURCHASE PRICE | $120,000.00 |
| MARKET VALUE | $385,000.00 |
| DOWN PAYMENT | 20% |
| ARV LTV | 53.61% |
| LOAN TERM | 12 Months |
| AMOUNT HELD FOR REHAB | 0 |
| USE OF PROCEEDS | Acquisition |
| EXIT STRATEGY | Refinance into a long-term loan |
| MATURITY DATE | 12/01/2023 |
| TARGETED RATES OF RETURN | 11.49% |
Details
| ADDRESS | 1419 S 51st ST PHILADELPHIA, PA 19143 |
| TYPE | Single Family Residence |
| BEDROOMS | 4 |
| BATHROOMS | 2 |
| SQUARE FOOTAGE | 1,320 sq ft. |
