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  • Writer's pictureStephen Sinko

The Cali Way

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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