2022OH3909
Note ID
2,670 SqFt
Size
5
Bedrooms
2
Bathrooms
Description
Detached Duplex with 5 bedrooms and 2 bathrooms in the Clark-Fulton Neighborhood. The borrower typically purchases and rehabs properties in cash and is using purchase only financing on this property to be more efficient with his capital. Upon completion of rehab, the loan will be refinanced into a DSCR loan from Aloha Capital.
Address
- Country: United States
- Postal code / ZIP: 44109
- Note ID 2022OH3909
- Price Note Size: $76,000
- Property Type 2-4 Unit
- Property status >$100K Remaining
- Bedrooms 5
- Bathrooms 2
- Size 2,670 SqFt
- Label Partial Note, Whole Note
- Note Type Fix & Flip
- Whole Note - Annual Yield (%) 10%
- Whole Note - Monthly Yield ($) $633.33
- Participation - Annual Yield (%) 9.5%
- Loan Maturity Date (MM/DD/YY) 02/17/2024
- Property Current Value ($) $95000
- Property After Repair Value ($) $95000
- Loan to Current Value (%) 80%
- Loan to After Repair Value (%) 80%
- Property Rent Estimate ($) $1600.00
- Loan Exit - DSCR (Ratio) 1.25
- Invest - Participation Agreement https://na3.docusign.net/Member/PowerFormSigning.aspx?PowerFormId=402c09a6-313c-4401-9c8c-f54c653626b4&env=na3&acct=dc183316-55b9-4b28-b9ae-24cc404e81a6&v=2
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Sponsor & Guarantor
Aaron A.
Aaron Andersen is a real estate investor who since 2018 has built a varied portfolio across Washington, Ohio, and Illinois. His focus is primarily on multifamily properties, particularly those with 4 to 14 units. Beyond personal investments, Aaron also leads a syndication that rejuvenates apartment buildings in Michigan. He's currently managing two projects, each comprising 30 units and cumulatively representing $6m in assets. Balancing his full-time management role with real estate ventures, Aaron's experience underscores a quiet dedication to the real estate sector.Similar Notes
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