Fix & Flip – Indianapolis, IN

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Note Size: $243,050
<$100K Remaining

2023IN3543

Note ID

2,588 SqFt

Size

4

Bedrooms

2

Bathrooms

Description

This is a medium rehab on a single family home. The renovation began in Dec, 2023. Aloha’s other loans with this sponsor have been successful with projects hitting milestones.

The borrower is an experienced real estate investor that has renovated 10+ similar homes and owns 5+ rentals.

Address

Address: 3543 N Winthrop Ave, Indianapolis, IN
  • Country: United States
  • Province / State: Indiana
  • Postal code / ZIP: 46205
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  • Note ID 2023IN3543
  • Price Note Size: $243,050
  • Property Type Single Family
  • Property status <$100K Remaining
  • Bedrooms 4
  • Bathrooms 2
  • Year Built 1925 (1968 reno)
  • Size 2,588 SqFt
  • Land area 6,098 SqFt
  • Label Partial Note
  • Garages 1
  • Note Type Fix & Flip
  • Whole Note - Annual Yield (%) 13%
  • Participation - Annual Yield (%) 13.0%
  • Loan Maturity Date (MM/DD/YY) 06/07/2024
  • Property Current Value ($) $152000
  • Property Construction Budget ($) $91050
  • Property After Repair Value ($) $315000
  • Loan to Current Value (%) 100%
  • Loan to After Repair Value (%) 77%

Supporting Documents

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Sponsor & Guarantor

Devon W.

The borrower is an experienced real estate investor that has renovated 10+ similar homes and owns 5+ rentals.
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