Looking for Private investors to partner on a deal in the Memorial area, Houston Energy Corridor. The project is fully permitted and sheet rock ready. Great opportunity for an investor looking to earn great returns in a short duration and be involved in a fabulous rehab!
ADDRESS: Available Upon request
ARV: $550,000 CMA
Loan Amount Needed: $325,000 (59% LTV)
B/B: 4 Bed/2 Bath
Sq Footage: 3460
Current Condition: Brand New Copper plumbing, Electrical, HVAC, Roof, 1000 sqft addition, triple pane windows, steel doors, Summer Kitchen.
Rehab Scope: Sheet Rock, Bathroom & Kitchen completion, Paint, Flooring, Cabinets, Flooring, Fixtures, Pool Renovation, Exterior Finishes
Proposed Borrowing Amount: $325,000
(Purchase Price: $252,000; Rehab: $73,000)
Lien Position: First Lien Promissory Note secured by Deed of Trust
Secondary Liens: None
Loan Term: 6 Months
Interest Rate: 10% Annual interest
Amortization: None, Interest Only Loan
Early Payment: Minimum 6 months guaranteed
Closing Costs: Payable by Borrower at closing
Closing Date: Aug 27th 2015 or before
SERIOUS ACCREDITED INVESTORS ONLY – PLEASE CALL FOR MORE DETAILS
1 (855) 273- 7448
Investors need to do their due-diligence and verify all numbers.