11% APR, 4-8 Month Note Available on Chicago Property

[AdaPia DErrico]

Upscale Chicago Suburbs Refinance & Rehab

Patch of Land is offering a new opportunity in an upscale neighborhood just outside of Chicago. The combination of a strong down payment by the developer, two personal guarantees on the loan, a healthy ARV and a strong local market provide confidence in this short term refinance and flip loan.

The borrower owns a real estate brokerage in Chicago and has successfully completed over 200 real estate investment projects. He currently has 15 active properties in the Chicago metropolitan area.

Visit the project page here to view details, review the due diligence documents and commit funds by clicking the button below.

• $450,000 Total Funding Needed
  
• 11% APR
  
• Expected 4-8 month with 12 month actual loan term
  
• Developer has committed over $150,000 of his own funds
  
• 56% ARV in an upscale Chicago suburb
  
• Secured with First position Lien and two personal guarantees

This loan is already 60% funded. Minimum investment amount begins at $5000. We must verify accredited investor status for anyone interested in placing their money.

Please ask any questions here or PM me and I'll provide further details.

https://patchofland.com/investments/windy-city-refinance-and-rehab.html