2023IL910R
Note ID
3,449 SqFt
Size
7
Bedrooms
4
Bathrooms
Address
- Country: United States
- Postal code / ZIP: 62704
- Note ID 2023IL910R
- Price Note Size: $131,950
- Property Type 2-4 Unit
- Property status >$100K Remaining
- Bedrooms 7
- Bathrooms 4
- Year Built 1960
- Size 3,449 SqFt
- Label Partial Note
- Note Type Fix & Flip
- Whole Note - Annual Yield (%) 11%
- Whole Note - Monthly Yield ($) $1209.54
- Participation - Annual Yield (%) 10.5%
- Loan Maturity Date (MM/DD/YY) 01/27/2024
- Property Current Value ($) $10284.55
- Property Construction Budget ($) $123,706.00
- Property After Repair Value ($) $185,000.00
- Loan to Current Value (%) 80.16
- Loan to After Repair Value (%) 71.32%
- Invest - Participation Agreement https://na3.docusign.net/Member/PowerFormSigning.aspx?PowerFormId=8dae5105-70c5-4dba-912b-a8f3b971f7d1&env=na3&acct=dc183316-55b9-4b28-b9ae-24cc404e81a6&v=2
Sponsor & Guarantor
Similar Notes
A quick rehab on a property that will cash flow as a rental property and provide profit if sold upon completion. This project is in a neighborhood our repeat client has successfully invested into over his investing career.
This is a medium rehab project on a single family home in a neighborhood outside of New Orleans. This is a typical project for the sponsor who has completed and paid off over 10 loans with Aloha Capital.
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 […]
This loan is a second position loan behind the borrowers existing ~$950K loan with a bank at less than 3%. The purpose of the loan is to complete a light renovation including paint, carpet/flooring upgrades, lighting, landscape and other minor improvements along with staging to maximize the speed and price of sale. With the $150,000 […]
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.