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  • Writer's pictureStephen Sinko

IN The Bullring

Estimated Closing Date: 04/28/2022

Property Address: Bullring Lane Las Vegas, Nevada 89130

Residential / Building Area: 2 Story – 3,765 sq foot 4 Bedroom 2 ½ Bathrooms with swimming pool on a ¼ acre lot. Built in 2006.

Centennial Hills - Upgraded Two-Story with Pool and Spa. Huge downstairs master bedroom and has the potential for a 5th bedroom. Centrally located near shopping, Centennial, Schools and Parks.

Loan Amount: $555,000.00

Borrowers Estimated Value: $690,000.00

Loan to Value: 80% of PURCHASE CONTRACT

ARV: $850,000 - $900,000

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

Use of Funds: Purchase Money 1st Mortgage

Exit Strategy: SALE

Property has been well maintained and cared for. Borrowers believe it just needs to be updated and detail cleaned

Estimated Budget - $40,000 in small repairs and update the paint, flooring and add landscaping.

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