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  • Writer's pictureStephen Sinko

We Love our Flippers

Estimated Closing Date: 5/10/2021

Property Address: Mallard St Las Vegas, NV 89107

Parcel Size: 2,556 sqft

Residential / Building Area: Charleston Heights, 1,873 sq foot 3 bed/ 2 bath

Year Built: 1960

Loan Amount: $212,500.00

Approximate Value: $250,000.00 – Per Purchase Contract

Loan to Value: 85% based on purchase price

Loan Term: 6 Months – 3 Months Guaranteed

Payments: Interest Only Payments

Property Zoning: Single Family Home

Exit Strategy: Sale in the next 6 months

Use of Funds: I’ve worked with this borrow over 10 years. He owns/ flips rental properties in the Las Vegas Valley. He has brought on a partner (Jason) to help with carry costs and repairs

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