2022PA206
Note ID
1,490 SqFt
Size
3
Bedrooms
2
Bathrooms
Description
The property is a two unit rental in Glenside, PA, a town just 6 miles outside of Philadelphia. The town is most notable for its entertainment, such as the Keswick Theatre, restaurants, recreational facilities and parks. This loan is a 24 month bridge loan to build short-term rental history with a goal to refinance by the end of 2023 into a DSCR based loan offered by Aloha Capital.
Address
- Country: United States
- Province / State: Pennsylvania
- Postal code / ZIP: 19038
- Note ID 2022PA206
- Price Note Size: $232,500
- Property Type 2-4 Unit
- Property status >$100K Remaining
- Bedrooms 3
- Bathrooms 2
- Size 1,490 SqFt
- Label Partial Note, Whole Note
- Note Type Fix & Flip
- Whole Note - Annual Yield (%) 10%
- Whole Note - Monthly Yield ($) $1,937.50
- Participation - Annual Yield (%) 9.5%
- Loan Maturity Date (MM/DD/YY) 10/05/2024
- Property Current Value ($) $310000
- Loan to Current Value (%) 75.00%
- Loan to After Repair Value (%) 75.00%
- Invest - Participation Agreement https://na3.docusign.net/Member/PowerFormSigning.aspx?PowerFormId=25bccba9-3f03-4601-9b8a-09abe99e4196&env=na3&acct=dc183316-55b9-4b28-b9ae-24cc404e81a6&v=2
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Sponsor & Guarantor
Ross G.
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