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  • Writer's pictureStephen Sinko

Finishing up Section 10 project

Updated: May 31, 2023

Estimated Closing Date: 3/31/2023 Property Address: Plantea Ct Las Vegas, Nevada

Parcel Size: .48 acre Description/Parcel Size: Single Family / 6,696 sq feet 6 bed 5 1/2 bath with pool

Year Built: 2008 Property Information: Dramatic home in Sec 10 gated community. Extensive use of Slate and Marble, Downstairs Master. Needs completion, Originally appraised at $2.2Million

Loan Amount: $155,000.00

Approximate Value: $695,000.00 (Purchase Contract)

Approx. ARV: $1,800,000.00

Loan to Value: 22% based on purchase price Loan Term: 12 Months - 3 Months Guaranteed Payments: Interest Only Payments Property Zoning: Single Family Residence

Exit Strategy: Payoff with income from Rental and Annuity

Income: Property is Vacant and listed on Private VERBO

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