Fix & Flip – Metairie, LA

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Note Size: $313,500
> $250K Remaining

2023LA1356

Note ID

2,100 SqFt

Size

4

Bedrooms

2

Bathrooms

Address

Address: 1356 FOCIS STREET METAIRIE Jefferson LA
  • Country: United States
  • Province / State: Louisiana
  • Postal code / ZIP: 70005
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  • Note ID 2023LA1356
  • Price Note Size: $313,500
  • Property Type Single Family
  • Property status > $250K Remaining
  • Bedrooms 4
  • Bathrooms 2
  • Year Built 1976
  • Size 2,100 SqFt
  • Label Partial Note
  • Note Type Fix & Flip
  • Participation - Annual Yield (%) 12.0%
  • Loan Maturity Date (MM/DD/YY) 04/21/2024
  • Property Current Value ($) $265,000
  • Property Construction Budget ($) $75,000
  • Property After Repair Value ($) $475,000
  • Loan to Current Value (%) 90%
  • Loan to After Repair Value (%) 80%
  • Property Rent Estimate ($) $2,800

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Sponsor & Guarantor

Sterling C

Sterling is a very experienced, full-time real estate investor with a portfolio of single family, and 2-4 units that have been renovated and are stabilized. He also invests into larger multifamily properties with a small group of other real estate investors. He has a popular real estate podcast and is a frequent speaker at real estate education seminars and conferences. Aloha has financed many (20+) of his rehab and stabilized rental properties in the past.
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