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55+ Airlands Rehab

Writer: Stephen SinkoStephen Sinko
Aug 16, 20211 min read

Estimated Closing Date: 7/16/2021


Property Address: Airlands St Las Vegas, Nevada 89134


Parcel Size: 8,276 sqft


Residential / Building Area: 3 Bedroom 3 Full Bathrooms, 2,819 sq ft single


story home with 3 car garage.


Year Built: 1997


Property Information: This Aristocrat model in Sun City sits on top the hills of Airlands Dr. with an elevated golf course view. Strip views in the evening & mountain views

in the morning. Low maintenance putting surface

and Astroturf back yard. This is an off market sale

and there was water damage while the owners were

out of town. Insurance hired the remediation

company and the home was properly ventilated so

no mold is present.


Loan Amount: $700,000.00


Approximate Value: $1,300,000.00


Loan to Value: 78% based on purchase price


Loan Term: 6 Months (I.O.) – 3 month interest guarantee


Payments: Interest Only Payments


Property Zoning: Single Family Residential


Exit Strategy: Sale – Estimated - $95,000 in repairs and update.


Use of Funds: Purchase Money 1st Mortgage


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