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  • Writer's pictureStephen Sinko

"Not Quite California"

Estimated Closing Date: 4/27/2021

Property Address: California Way – Henderson, NV 89015

Parcel Size: 8712 Sq Ft

Residential / Building Area: 842 sq ft 2 Bed & 1 Bath w/ 192 sq ft car port

Year Built: 1942

Loan Amount: $100,000.00

Approximate Value: $135,000.00

Loan to Value: 80% based on purchase price

Loan Term: 12 Months – 3 Month Prepay

Payments: Interest Only Payments

Property Zoning: Single Family Residential

Exit Strategy: Payoff/ Sale in the next 6 to 12 months

Use of Funds: Fix & Flip This is a complete remodel. Borrowers repair estimate at approximately ($35,000.00) of which $4k is miscellaneous/ cont. Value according to buyers as finished will be listed at $210,000.00

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