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