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

[Kiya Smith]

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.