Mortage Notes

1419 S 51st ST PHILADELPHIA, PA 19143

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 TYPEPurchase
LIEN POSITION1st
LOAN AMOUNT$206,380.00
PURCHASE PRICE$120,000.00
MARKET VALUE$385,000.00
DOWN PAYMENT20%
ARV LTV53.61%
LOAN TERM12 Months
AMOUNT HELD FOR REHAB0
USE OF PROCEEDSAcquisition
EXIT STRATEGYRefinance into a long-term loan
MATURITY DATE12/01/2023
TARGETED RATES OF RETURN11.49%

Details

ADDRESS1419 S 51st ST PHILADELPHIA, PA 19143
TYPESingle Family Residence
BEDROOMS4
BATHROOMS2
SQUARE FOOTAGE1,320 sq ft.

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