Is this a viable Investment Deal?

[Tracy Brown]

Executive Summary

Project:	Appraised Value:
Name:	C.T. INVESTMENT PROJECT	As is	$2.237MM
Address:	SEE NON – CIRCUMVENT AGREEMENT	As completed:	$2.53MM
Loan Amount Requested:	LTV:
$2.53MM	Loan to AS IS Value:	75.00%
Loan to AS COMPLETED Value:	60.00%
Cash Borrower Has/Bringing to Deal:	Project Cost:
TBD	Total Project Cost:	$2.237MM (Acquisition) $134,208 ( Broker fee @ 6%) $033,555 (1.5%Affiliate fee) $125,000 (6 Unit Reno)
Loan to Total Cost Value ___________________________ After Repair Value	20.00% _____________________ $3,035,952.
Exit Strategy: (how will our loan be paid off)	Purpose for Loan:
Project currently generates enough income at $65.2K per month with an average rent of $850 per unit 75 units will debt service to repay a $17.6K mortgage, $30K for taxes and insurance per month and approximately $10k per month reserve fund while still being profitable at $23K monthly for new owners long term hold strategy.	Acquisition, hold long term.
Executive Summary:
Background/History of Project:	Project is modestly based on acquisition of 6 properties, 5 residential 1 Mixed use totaling 75 units with an average rental income of $850 per unit generating an monthly income of $65,150. with an interest rate of 4-6% would make this investment a viable and highly attractive win win win deal for all parties.
Market Analysis: (specifically address forecasted absorption rates)	All properties are currently rented and cash flowing. This would act as an turn key operation with rents and security deposits on going and or being upgraded to current 2015 market rate. The area is in high rental demand with over 680 homes for sale and only 24 sold the absorption rate is 27.4 a climate for steady rental income.
Borrower’s experience in this type of development:	Licensed real estate broker with an emphasis on commercial property and business development, We now the value of what a performing asset as these 6 desirable properties are and what they will do for the community and the residence within. Providing clean safe modern housing choices and stay on the look out for improving revenue by adding laundry, sign rentals and cell tower installation, We will keep the assets in high demand for the future rental a while also keeping the investment package safe for potential sales. We will be monitoring the progress of the business on a daily basis. Will have a Realty sales & Management Company on Site.
Legal Description:	TBD
Current Zoning:	k9
Entitlement Status:	TBD
Permits Completed:	ALL
Permits Required:	TBD
Cash Equity in Deal:	TBD
Total Equity in Deal:	TBD
Number of units Pre-sold:	TBD
List Third Party Reports Completed:	TBD
Development Schedule: (List major milestones in the development of the project)	Just the Mechanicals need to be checked and cleared. Buildings are a turnkey operation which includes tenants current rent rolls.