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Loft Concept - Fix & Flip

Writer: Stephen SinkoStephen Sinko

Updated: Dec 23, 2021

Estimated Closing Date: 8/31/2020

Garden North Drive, Las Vegas, NV 89121

Unit Size: 2,093 sq ft 3 Bed, 2.5 Bath & 483 sq ft garage

Loan Amount: $165,000.00 – or $78 sq ft

Approximate Value $245,000.00

Loan to Value: 67% based on purchase price

Loan Term: 12 Months w/ 3 Months Guaranteed

Payments: Interest Only Payments

Property Zoning: Condo / Single Family Residential


Other useful information for the Investor: *REMODEL w/ COMMERCIAL LOFT FEEL* - Beautiful 3 bedroom 2.5 bath townhouse in Garden Park Town homes featuring community pool and 2 car garage. Borrower has already spent funds on new wiring, plumbing, walls and steel floating staircase. This Purchase transaction moves out the seller so the job can be completed.

Fix & Flip Borrowers repair estimate was $15,000.00


Value according to buyers as finished will be listed at $245,000.00



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Copyright © 2019  |  5th Bridge Funding LLC  | NMLS ID 395483  | Money invested through a mortgage broker is not guaranteed to earn any interest or return and is not insured. Before investing, investors must be provided applicable disclosure documents.

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