Investment Opportunity for Private Money Partners

[Manuel Prado]

Funding Date: 11-15-18

Property Address: 1608 S Hamilton. Saginaw, MI 48602

Loan Amount: $15,000

Property Value: $29,000

Loan to Value: ~50%

Interest Yield to Investor: 8 or 10% (8% on a 3-year term, or 10% on a 5-year term)

Interest Paid: Monthly

Loan Term: 3 or 5 years

Lien Position: First

Project: 1608 S Hamilton is a single-family home with great buy and hold potential. The home has 3 bedrooms and 2 baths that makes the ideal starter home for a family. This deal will be acquired at $6,250 and would need roof, paint throughout the interior, and flooring in bathroom and kitchen. After a month of rehab work, this house will be ready to be rented for $650-700 per month.

Exit Strategy: This home will be conventionally refinanced through a local bank or another private money partner. A straight sale of the property could also represent another viable exit strategy.