Estimated Closing Date: 10/12/2021 Property Address: Crestview Drive, Las Vegas 89124Parcel Size: .28 AcresResidential / Building Area: 4 Bedroom & 5 Full Bathrooms 5,000 sqft Single story home with 3 car garage. Year Built: 2021Property Information:Borrower needs the fund to complete building the garage, patio, and wall of a custom home in Mount Charleston.Loan Amount: $200,000.00Approximate Value:$2,000,000 new buildLoan to Value: 6.00% based on estimate costARV: $2,000,000Loan Term: 12 Months – 3-month interest GuaranteedPayments: Interest Only PaymentsProperty Zoning: Single Family HomeExit Strategy: Borrower will either refinance or sell the house once construction is completed.Use of Funds: Finish building project.
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