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  • Writer's pictureStephen Sinko

Custom Home in Section 10

Estimated Closing Date: 09/20/2022

Property Address: Costa Smeralda Circle Las Vegas, Nevada 89117 (Section 10)

Residential / Building Area: 6 Bedroom & 7 total Bathrooms, 6,915 sq ft two story home with swimming pool. Built in 2017.

DR Horton Construction - Brand new Emerald custom home located in a gated community in desirable Section 10. This Tuscan designed home has all the elegant finishes you would expect. 12' ceilings, 20' collapsible sliding door and huge patio allowing for indoor/outdoor living. This chef's kitchen includes 42" and 18" stacked cabinets, full stainless appl. package with 64" fridge and stunning granite counters. The master suite is one of a kind.

Loan Amount: $1,060,000.00

Borrowers Estimated Value: $1,450,000.00

Loan to Value: 42% of PURCHASE CONTRACT

ARV: $2,500,000.00

Loan Term: 12 Months (I.O.) – 3 month guarantee to investors

Use of Funds: Payoff 1st Mortgage that is in default

Exit Strategy: Refinance

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