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  • Writer's pictureStephen Sinko

Time for some Golf?

Property Address: Over Par Ct Las Vegas, Nevada 89148

Parcel Size: (.15 acres) 6,534 sq ft

Property Description: Stunning airy & spacious 2 story home overlooking

Golf course in guard gated Rhodes Ranch community. Vaulted ceiling in Living Rm; Wood

shutters throughout; Kitchen w/Granite countertop & Breakfast bar; Separated Family Rm w/Fireplace; Formal Dining Rm; 1 bed down; 3 beds & loft upstairs; Master bedroom w/huge Balcony; Good size backyard with custom designed swimming

pool.


Loan Amount: $400,000.00

Borrowers Estimated Value: $800,000.00

Purchase Price: $460,000.00 – CASH

Loan to Value: 50% of Purchase Price

Loan Term: 12 months – 3 months guaranteed

Payments: Interest Only


Use of Funds: Bridge Loan used to payoff first mortgage balance of approximately $250,000.00 – balance of proceeds will be used to do a kitchen and bathroom.


Exit Strategy: Refinance or Sale


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