Estimated Closing Date: 4/27/2021
Property Address: California Way Henderson, NV 89015
Parcel Size: 8,712 sqft
Residential / Building Area: (842 sq ft 2 Bed & 1 Bath w/ 192 sq ft car port)
Year Built: 1942
Loan Amount: $100,000.00
Approximate Value: $135,000.00
Loan to Value: 80% based on purchase price
Loan Term: 12 Months – 4 Months Interest Guarantee
Payments: Interest Only Payments
Property Zoning: Single Family Residence
Exit Strategy: Sale or Refinance as Rental Property
Use of Funds: Funds will be used to purchase this single modular
home and convert to real property. Borrower will
invest own funds to repair, rehab this “Fix & Flip”
home. Conversion Company invoice will be paid at
close of escrow. Estimated time frame is 4 months
to resale.
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