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  • Writer's pictureStephen Sinko

Quick Bridge Loan for Condo

Updated: Dec 23, 2021

Estimated Closing Date: 4/30/2021

Property Address: W Russell Rd Unit Las Vegas, NV

Parcel Size: 2,556 sqft

Residential / Building Area: 2nd Floor - Condo Unit, 593 sq foot 1 bed/ 1 bath

Year Built: 1995

Loan Amount: $30,000.00

Approximate Value: $125,000.00

Loan to Value: 80% based on purchase price

Loan Term: 12 Months – 3 Month Prepay

Payments: Interest Only Payments

Property Zoning: Condo

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

Use of Funds: Borrower owns/ flips rental properties in the

Las Vegas Valley. This is a Purchase from Vegas

Property Services will be used as a short term

rental and then SOLD in the next 6 months.

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