2929 Monarch Drive, Plano, Texas 75074

COLLATERAL

Address: 2929 Monarch Drive, Plano, Texas 75074

Bed/Bath/Square Footage: 3/2/1,600 Sq.Ft.

Garage: 2 Car

As-Is Value: $175,000

After Repair Value: $246,000

LOAN DETAILS

Purchase Price: $175,000

Borrower’s Down Payment: $17,500

Loan Amount: $172,200

     -Acquisition: $157,500

     -Construction: $14,700

LTV: 70%

Term Length: 6 Months

Target Closing Date: 2/26/2019

Funding Commitment by: 2/22/2019

INVESTMENT RETURN

Investment: $172,200

ROI: 10% per annum

Monthly Return: $1,435

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