8953 County Rd 864, Princeton, Texas 75407

COLLATERAL

Address: 8953 County Rd 864, Princeton, Texas

Bed/Bath/Square Footage: 4/2/1,973 Sq.Ft.

Garage: N/A

As-Is Value: $294,800

After Repair Value: $460,000

View As-Is Appraisal

View As-Completed Appraisal

LOAN DETAILS

Refinance: $140,000

Borrower’s Down Payment: N/A

Loan Amount: $305,000

     -Refinance: $140,000+/- & $30,000 (operating expenses)

     -Construction: $135,000

LTV: 66%

Term Length: 6 Months

Target Closing Date: 8/28/2019

Funding Commitment by: 8/25/2019

View Borrower Profile

RENOVATION SCOPE OF WORK

-Build 4 additional cabins (480 Sq.Ft Each)

-Finish out the 2 story building

-Build road, walkways, septic and improve landscape

INVESTMENT RETURN

Investment: $305,000

ROI: 12% per annum

Monthly Return: $3,050

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