Fix & Flip – Indianapolis, IN

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Note Size: $125,000
>$100K Remaining

2023IN4304

Note ID

736 SqFt

Size

2

Bedrooms

1

Bathroom

Description

This is a light rehab on a single family home. The renovation is ~90% complete and the property will be refinanced in March 2024. The project is ahead of expected time frame.

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

Address

Address: 4304 Norwaldo Ave, Indianapolis, IN
  • Country: United States
  • Province / State: Indiana
  • Postal code / ZIP: 46205
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  • Note ID 2023IN4304
  • Price Note Size: $125,000
  • Property Type 2-4 Unit
  • Property status >$100K Remaining
  • Bedrooms 2
  • Bathrooms 1
  • Year Built 1945
  • Size 736 SqFt
  • Label Partial Note
  • Note Type Fix & Flip
  • Whole Note - Annual Yield (%) 13%
  • Participation - Annual Yield (%) 13.0%
  • Loan Maturity Date (MM/DD/YY) 12/04/24
  • Property Current Value ($) $125000
  • Property Construction Budget ($) $40000
  • Property After Repair Value ($) $238000
  • Loan to Current Value (%) 100%
  • Loan to After Repair Value (%) 69%

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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