Estimated Closing Date: 12/17/2021
Property Address: Scotts Valley Dr. Henderson, NV 89052 (Sun City Anthem)
Parcel Size: 7,405 sqft
Residential / Building Area: 1,917 sq ft 2 Bed & 2 Bath - 55+ Community
Year Built: 2000
Useful Information: Fixer-upper and will need a completely new kitchen. Bidders had to have Highest and Best on the property. Property has amazing City Views. This is a complete remodel. Borrowers repair estimate at approximately ($64,000.00) of which $4k is miscellaneous
Loan Amount: $368,000.00
Approximate Value: $460,000 purchase contract
Loan to Value: 80% based on purchase price
ARV: $460,000
Loan Term: 12 Months – 3-month interest Guaranteed
Payments: Interest Only Payments
Property Zoning: Single Family Home
Exit Strategy: Sale
Use of Funds: Fix and Flips
