Section 10 Bridge Loan
Updated: Apr 18
Property Address: Montessouri St. Las Vegas, NV 89117
Residential / Building Area: County Records show this to be 3,458 sq foot / 3-bedroom 2.5 bath two story home located just north of section 10. This home has a 2-car garage, large backyard with BBQ & deep swimming pool and built on .48 acres
Loan Amount: $560,000.00
Borrowers Estimated Value: $655,000.00
Loan to Value: 85% of PURCHASE CONTRACT
ARV: $1,200,000
Loan Term: 12 Months (I.O.) – 3 month guarantee payments
Use of Funds: Purchase Money 1st Mortgage
Exit Strategy: Considering short term rental. Refinance or SALE
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