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  • Writer's pictureStephen Sinko

Arturo Fuentes - Robusto

Estimated Closing Date: 12/16/2021 Property Address: Fuentes Way Las Vegas, Nevada 89121

Parcel Size: 6,970 sq foot lot or .16 acres Residential / Building Area: 3 Bedroom & 2 Full Bathrooms 1,568 sq foot Manufactured Year Built: 1992 Property Information: Funds will be used to purchase this single-family modular home that has been converted to real property. Borrower will invest own funds to make small repairs, rehab this “Fix & Flip” home. Estimated time frame is 1 month to re-list.

Loan Amount: $144,000.00 Approximate Value: $180,000 purchase contract Loan to Value: 80% based on purchase price ARV: $260,000 Loan Term: 12 Months – 3-month interest Guaranteed Payments: Interest Only Payments + Service Fee Property Zoning: Manufactured Home - Converted Exit Strategy: Sale Use of Funds: Fix and Flip

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