Mortage Notes

222 THURLOW ST, CHESTER, PA 19013

INVESTMENT SUMMARY

TYPE UNDERLYING ASSET
Purchase Single Family Residence
Experience rehabbing 2 properties in Pennsylvania.
The borrower put in 20% for a downpayment.
Good credit 691 and strong financials.
Repeat borrower
N/A
N/A
N/A

OVERVIEW

LOAN TYPEPurchase
LIEN POSITION1st
LOAN AMOUNT$94,300.00
PURCHASE PRICE$79,000.00
MARKET VALUE$140,000.00
DOWN PAYMENT20%
ARV LTV67.36%
LOAN TERM12 Months
AMOUNT HELD FOR REHAB$39,000
USE OF PROCEEDSAcquisition
EXIT STRATEGYRefinance into a long-term loan
MATURITY DATE12/01/2023
TARGETED RATES OF RETURN11.99%

Details

ADDRESS222 THURLOW ST, CHESTER, PA 19013
TYPESingle Family Residence
BEDROOMS3
BATHROOMS1
SQUARE FOOTAGE1,368 sq ft.

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