Bridge to Perm – Glenside, PA

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Note Size: $232,500
>$100K Remaining

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

Address: 206 Brookdale Ave., Glenside, PA 19038
  • Country: United States
  • Province / State: Pennsylvania
  • Postal code / ZIP: 19038
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  • Note ID 2022PA206
  • Price Note Size: $232,500
  • Property Type 2-4 Unit
  • Property status >$100K Remaining
  • Bedrooms 3
  • Bathrooms 2
  • Size 1,490 SqFt
  • Label Partial Note, Whole Note
  • Note Type Fix & Flip
  • Whole Note - Annual Yield (%) 11%
  • Participation - Annual Yield (%) 11.0%
  • Loan Maturity Date (MM/DD/YY) 10/05/2024
  • Property Current Value ($) $310000
  • Loan to Current Value (%) 75.00%
  • Loan to After Repair Value (%) 75.00%

Supporting Documents

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Sponsor & Guarantor

Ross G.

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