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  • Writer's pictureStephen Sinko

Someone had to paint it...

Updated: Dec 23, 2021

Estimated Closing Date: 09/11/2020

Kassabian Ave. Las Vegas, Nevada

Unit Size: 2,207 sq ft 4 Bedroom 2 1/2 Bath

Loan Amount: $195,000.00 – ($85 a sq foot)

Approximate Value: $236,000 Assigned Purchase Contract

Loan to Value: 82.5% based on purchase price

Loan Term: 12 Months w/ 3 Months Guaranteed

Payments: Interest Only Payments

Property Zoning: Single Family Residential

Other useful information for the Investor: Well maintained single family home built in 1962. Total of 4 bedrooms and 2 1/2 bathroom. The property sits on approximately .14 Acres (6,098 sq ft) and has a converted 2 car garage.

Fix & Flip Borrowers repair estimate ($35,000.00) are mostly cosmetic, bathroom repairs/ upgrades, counter tops, dry wall repairs, paint interior & exterior with new flooring. Also wants to convert the garage back.

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