• Steve Sinko

Quick Bridge Loan for Condo

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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