Single Family Home in Las Vegas
Subject property is a 2-story detached single family residence, 5 bedrooms, 3 full, 1 half bathrooms. The unit was constructed in 1998 and is in excellent condition. The property will be used as an investment property.
He will also be working with an institutional lender for a refinance early next year after filing his tax returns.
|Property Type:||SFR Detached, Built 1998|
|Subject Property:||Falls Church Ave, Las Vegas, NV 89144|
|House SF.:||+/- 3,229 sf|
|Lot Size:||+/- 0.26 acre|
|Loan Amount:||$ 335,000|
|Purchase Price:||$ 516,000 ($ 159.80 per SF)|
|Appraisal||See comps below.|
|Loan Exposure (PSF):||$ 103.75|
|Interest Rate:||12% interest only, paid monthly|
|Extension Provision:||At lender’s discretion.|
|Collateral:||First Deed of Trust on subject property.|
|Comps:||10608 Engelwood Cliffs Ave, for sale for $349,987 at $146.37/sf;10313 Carolina Hills Ave, sold 4/4/2014 for $399,000 at $135.99/sf;10429 Carmel Mountain Ave sold 6/6/2014 for $410,000 at $139.74/sf;1408 Pintail Point St, sold for $350,000 at $149.38/sf|
|Closing Costs:||Paid by borrower|
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