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Updated almost 2 years ago,

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Kiya Smith
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I have a deal I would like to move forward with I just need input

Kiya Smith
Posted

Private Money Lender Opportunity – Denton Tx

Requesting $72,000

Purchase Price: $289,000 (3/1)

Closing March 14,2023

Terms:

  • Lender will receive monthly payments of $600 for 1-year remaining balance paid in 12 months
  • Lender can extend past 1 year And/or open to discuss equity partnership with terms
  • Secured by Deed of Trust in Second Position after closing

Fund Use:

  • Down Payment: $55,000
  • Closing Cost: $6,000
  • Furnishing: $3,000
  • Holding Cost: $5,000
  • Partner: $3,000

Exit Strategy for property

Student Housing:

3 Students $850 monthly payments

Monthly Revenue $2550

Seller Monthly Payments: $1400

Insight to area:

4 Colleges in that area. On campus living cost $17,000 yearly. Average monthly cost $1,888.