top of page

Quick Bridge Loan for Condo

Writer's picture: Stephen SinkoStephen Sinko

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.





Recent Posts

See All

Comments


Created By:

Out and about logo Transparent on light.

Copyright © 2019  |  5th Bridge Funding LLC  | NMLS ID 395483  | Money invested through a mortgage broker is not guaranteed to earn any interest or return and is not insured. Before investing, investors must be provided applicable disclosure documents.

bottom of page