PROJECT FUNDED
Investment offering A: $180,000
Investment offering B: $75,000
Offering Type A: Senior Debt Financing
Offering Type A: Junior Debt Financing
Loan to Value: 40%
Proposed APR A: 6.5%
Proposed APR B: 12%
Term: 12 Months
9565 Highway 49 Sonora, CA. 95370
Purchase of 5 houses (3,899 sqft)
on one lot. 1.55 acres
Purchase Price $275,000
ARV – $700,000
Borrower offering additional property for collateral at time of origination of loan with over $350K equity in that property.
This is a non-owner occupied investment property for a seasoned and experienced real estate investor that owns other rental property in the area. Sponsor / Borrower is buying property below market price and will do minor work to increase the value of the property over the next several months and then refinance the property via traditional bank financing next year. Borrower also has other businesses and is financially stable.