2023LA4115
Note ID
1,482 SqFt
Size
3
Bedrooms
2
Bathrooms
Description
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.
Address
- Country: United States
- Province / State: Louisiana
- Postal code / ZIP: 70001
- Note ID 2023LA4115
- Price Note Size: $262,500
- Property Type Single Family
- Property status >$100K Remaining, Maturing < 90 Days
- Bedrooms 3
- Bathrooms 2
- Year Built 1963
- Size 1,482 SqFt
- Land area 5,662 SqFt
- Label Partial Note
- Note Type Fix & Flip
- Whole Note - Annual Yield (%) 12%
- Whole Note - Monthly Yield ($) $2,625.00
- Participation - Annual Yield (%) 11.5%
- Loan Maturity Date (MM/DD/YY) 11/08/23
- Property Current Value ($) $230,000
- Property Construction Budget ($) $40,000
- Property After Repair Value ($) $350,000
- Loan to Current Value (%) 100%
- Loan to After Repair Value (%) 75%
- Property Rent Estimate ($) $2,800.00
- Invest - Participation Agreement https://na3.docusign.net/Member/PowerFormSigning.aspx?PowerFormId=d759e992-10db-4fc3-ae80-ab9c248f058d&env=na3&acct=dc183316-55b9-4b28-b9ae-24cc404e81a6&v=2
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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.Similar Notes
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