Texas Hard Money Deal - Active

600

142 deals

Yes

Phoenix

Texas

$5,000,000

$1,300,000

$7,000,000

$17,000,000

FICO: 600 possibly higher. He has shopped around a lot over last couple months.

12 month Bridge or Fix and flip loan at 100% requested.
Client is ok with high interest and points including my 2.5 points.


Experience history for borrower: Last 36 Months. 142 Properties flipped, 44 Ground Up New Builds, 88 Large value add, and 10 normal flips.

All properties are under contract and looking to close late January 2022.

1. 3626 N 40th Street., Phoenix AZ 85018 – Purchase $555,000—Rehab 840k—ARV $2,205,000.00
2. 3213 E Roma Ave., Phoenix AZ 85018 – Purchase $665,000—Rehab 825K—ARV $2,305.000.00
3. 3106 N 42ND Street., Phoenix AZ 85018 – Purchase $630,000—Rehab 480k—ARV $1,575,000.00
4. 4244 E Catalina Dr., (#456)., Phoenix AZ 85018 – Purchase $675,000—Rehab 890K—ARV $2,185,000.00
5. 3008 N. 61st Place., Scottsdale, AZ 85251 – Purchase $385,000—Rehab 1.5M—ARV--$3,525,000.00
6. 4344 E Clarendon Ave., Phoenix AZ 85018 – Purchase $730,000 –Rehab 960k—ARV $2,569,000.00
7. 4340 E Cheery Lynn Rd., Phoenix AZ 85018 – Purchase $425,000—Rehab 800k—ARV $1,875,000.00
8. 4346 E Cheery Lynn Rd., Phoenix AZ 85018 – Purchase $355,000—Rehab 865K—ARV $1,925,000.00
9. 3317 N 44th Place, Phoenix AZ 85018 – Purchase $690,000—Rehab 700k—ARV $2,065,000.00
Total Purchase Price of all 9 properties = $ 5,110,000.00
12M with rehab.
Cash reserves available = $ 1,350,000.00

Documents link below: Included are other term sheets from lenders the client is looking at.
Want this deal so hope we can get creative and win on this!
https://drive.google.com/drive/folders/1-PDNOwMp6hIvt2pgaqyhRkpquzj5EDeK?usp=sharing