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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