2023LA9001
Note ID
1,800 SqFt
Size
3
Bedrooms
2
Bathrooms
Description
This is a light renovation on a property by an experienced investor who has completed 5 similar sized projects.
Address
- Country: United States
- Province / State: Louisiana
- Postal code / ZIP: 70123
- Note ID 2023LA9001
- Price Note Size: $247,140
- Property Type Single Family
- Property status >$100K Remaining
- Bedrooms 3
- Bathrooms 2
- Year Built 1957
- Size 1,800 SqFt
- Land area 7,840 SqFt
- Label Partial Note
- Note Type Fix & Flip
- Whole Note - Annual Yield (%) 12%
- Whole Note - Monthly Yield ($) $2471.00
- Participation - Annual Yield (%) 11.5%
- Loan Maturity Date (MM/DD/YY) 08/01/2024
- Property Current Value ($) $131750
- Property Construction Budget ($) $115390
- Property After Repair Value ($) $427000
- Loan to Current Value (%) 91.4%
- Loan to After Repair Value (%) 57.88%
- Loan Exit - DSCR (Ratio) 1.05
- Invest - Participation Agreement https://na3.docusign.net/Member/PowerFormSigning.aspx?PowerFormId=32b92ef3-7bf1-4384-878e-ad5e0fdee9b0&env=na3&acct=dc183316-55b9-4b28-b9ae-24cc404e81a6&v=2
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Sponsor & Guarantor
Kade W.
Kade is an experienced Real Estate Investor working in several markets. His current focus is on renovating SFR’s in the New Orleans area. He has completed 3 deals with 3 currently in process. In addition to being a Real Estate Investor, he also has experience wholesaling properties. Kade personally manages all of his projects to ensure the quality of the work.Similar Notes
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