Updated 8 months ago on .
High Return Investment Opportunity in Chicago Heights
Hey BP Community! I have an easy fix and flip located in the Chicago Heights area and am looking for a private investor to come in with the gap funding!
**I AM NOT LOOKING FOR A HARD MONEY LENDER OR AN INSTITUTIONAL LENDER! ONLY RESPOND IF YOU ARE A PRIVATE INDIVIDUAL LOOKING TO USE YOUR OWN CAPITAL TO INVEST IN REAL ESTATE PROJECTS!**
Property Information:
Property Address: 169 Martin Lane, Chicago, IL 60411
Purchase Price: $95,000
Rehab Budget: $20,000
Hold Time: 60 Days
ARV: $210,000
Close Date: March 14th
Return Information:
Loan Amount: $40,000
Return: 15% Flat Return
Total Return: $6,000
Financial Snapshot:
Purchase Price: $95,000
Rehab Budget: $20,000
PML Contribution: $40,000
PML Return: $6,000
Total Loan: $161,000
LTARV: 76%
Lender Security:
Promissory Note
Personal Guarantee
JV Agreement
2nd Lien Recorded on Deed of Trust
Investor Name on Property Insurance
Investor Name on Builder's Risk Insurance
- Matthew Bernal
- [email protected]
- 808-366-5421