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  • Writer's pictureStephen Sinko

New Investor - Traditional Lender Turndown

Updated: Dec 23, 2021

Estimated Closing Date: 11/16/2020

Property Address: Hilmont St. N. Las Vegas, Nevada 89031

Parcel Size: .14 Acres - 6,098 sq ft

Residential / Building Area: 1937 sq feet 4 bed & 2 Bath

Year built: 2000

Loan Amount: $180,000.00

Purchase Price: $300,000.00 (11/16/2020)

Loan To Value: 60%

Loan Term: 1 years or 12 months – 3 Months Guaranteed

Payments: Interest Only Payments

Property Description: Beautiful home located on a corner lot in the north (NO HOA). This two story features 4 bedrooms, 3 baths and 2 car garage!! Open floor plan is PERFECT for entertaining. Kitchen includes quartz countertops, backsplash and stainless steel appliances. Vinyl flooring with carpet throughout. Spacious yard with desert landscaping.

Use of Funds: This is a purchase money loan.

Exit Strategy: Will be rented to family members – Approx 2,250.00 monthly. After stabilization the exit strategy is refinance.

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