Single Family Home

24 month note.I/O payments.Escrows.Expected to close within the next few weeks.Loan is a refi. with cash-out to complete the construction.Note: this loan has additional collateral in the form of a single family residence located at 3833 SW 154th Court, Miami, FL 33185

Project Details

Purchase Price: N/A

Loan Amount: $530,000

Appraisal: $815,000

LTV as to appraisal: 65%

LTV as to purchase price: N/A

Note Rate: 11%

Marketing and Legal: (.125)

Net to Investor: 10%

Minimum Investment: $25,000