Single Family Residence Detached

Single Family Residence Detached

Deal Summary:  The borrower has owned several businesses in the Las Vegas valley, and rehabs investment properties as a side business.  He purchased this home in June 2014, has spent $30K in rehab expenses on the home, and currently has the home listed for sale.

Exit Strategy:   The home is currently for sale, and the loan will be paid in full when the property is sold.

Loan Information:

Property Type: Single Family Residence Detached
Subject Properties: Christina Dr, Boulder City, NV  89005
APN #: 186-09-419-012
House SF.: +/- 2145 sf
Lot Size: +/- 0.22 acre
Loan Amount: $ 100,000
Purchase Price: $ 212,434 ($ 99.04 per SF) purchased June 2014
Appraisal See comps below.
Loan Exposure (PSF): $ 46.62
Loan-to-value: 47%
Interest Rate: 12% interest only
Maturity: 12 months
Extension Provision: At lender’s discretion.
Collateral: First Deed of Trust on subject properties.
Comps: 1520 Christina Dr,  sold on 10/14/14 for $270,000 at $111.02/sf;1527 Sherri Lane, sold on 07/17/14 for $328,000 at $143.73/sf;

1518 Marita Dr, sold on 04/25/14 for $323,000 at $149.33/sf;

1530 Sherri Lane, sold on 04/22/14 for $$335,000 at $146.80/sf

Closing Costs: Paid by borrower


Property Maps Location Investment


This information has been secured from sources we believe to be reliable, but we make no representation or warranties, expressed or implied, as to the accuracy of the information.  Recipient must verify the information and bears all risk for any inaccuracies.