Estimated Closing Date: 12/16/2021 Property Address: Fuentes Way Las Vegas, Nevada 89121
Parcel Size: 6,970 sq foot lot or .16 acresResidential / Building Area: 3 Bedroom & 2 Full Bathrooms 1,568 sq foot ManufacturedYear Built: 1992Property 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: $144,000.00Approximate Value: $180,000 purchase contract Loan to Value: 80% based on purchase priceARV: $260,000Loan Term: 12 Months – 3-month interest GuaranteedPayments: Interest Only Payments + Service FeeProperty Zoning: Manufactured Home - ConvertedExit Strategy: Sale Use of Funds: Fix and Flip