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Purchase Loan in California

  • Posted on October 19, 2017
  • Status: Inactive ?

Loan & Collateral

Loan TypePurchase
Security1st Mortgage
Loan Amount$3,000,000
Collateral Value$5,000,000
Available Downpayment$55,000
Calculated LTV60% ?
Address15 Prospect Ave
CitySan Fransico
Property TypeResidential

Exit Strategy

The purchase price is 1.9 million and rehab cost are 900k. The property is 4,900 sq ft and will sell for 1,100 per sq ft finished value of the property will be over 5,000,000

Loan Proceeds

The proceeds of the loan will be used to purchase and rehab 15 prospect ave San Francisco


ApplicantMichael Gray
OrganizationProspect LLC
Credit Grade Inactive ?
Phone Number Inactive ?