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  • Writer's pictureStephen Sinko

Beautiful Pastures in Las Vegas

Estimated Closing Date: 11/18/2021

Property Address: Laredo St.Las Vegas, Nevada 89117 (Sect. #10)

Parcel Size: .49 Acres

Residential / Building Area: 4 Bedroom & 3 Full Bathrooms 3,888 sqft Single story home with 4 car garage.

Year Built: 1978

Property Information:

This custom home sits on almost half an acre with large circular driveway, 4 car garage, 3 wood burning fireplaces, INDOOR SWIMMING POOL AND SAUNA, Large chiefs’ kitchen with subzero fridge and double ovens, mature landscaping, rooftop deck with STRIP VIEW, RV parking if needed, there really is too much to list you just have to see it!

Loan Amount: $575,000.00

Approximate Value: $715,000 purchase contract

Loan to Value: 80% based on purchase price

ARV: $1,225,000

Loan Term: 12 Months – 3-month interest Guaranteed

Payments: Interest Only Payments

Property Zoning: Single Family Home

Exit Strategy: Estimated - $120,000 in repairs and update. This is the 3rd project for Borrower.

Use of Funds: Purchase Money 1st Mortgage

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