Updated over 11 years ago on .
Buy Into This 11% APR, 45% ARV, 8 Month Loan Note - Already 70% Full
Brooklyn NY 4 family Purchase & Rehab
Our newest prefunded opportunity is a quick purchase and rehab of a 4 family short sale in legendary Brooklyn NY. The borrower purchased the property below market value and the fairly minor remodel will focus mainly on one of the four units while the other three units will require mostly cosmetic upgrades. The combination of an experienced developer and contractor with a large down payment, personal guarantee on the loan, a low ARV and a stable local market provide confidence in this short term purchase and rehab loan.
INVEST NOW: 714 Pennsylvania Ave Brooklyn NY
- $250,000 Funding Needed
- 11% APR
- Expected 4-8 month with 12 month actual loan term
- Developer has committed over $204,600 of his own funds
- 45 - 56% ARV in legendary Brooklyn NY
- Secured with First position Lien and a personal guarantee with strong credit
The development team is highly experienced in the New York urban market and currently has several active investment properties in the area. The Guarantor on the loan has very strong credit.
Visit the project page to view details, review the due diligence documents and commit funds. Please note that this investment is for Accredited Investors. Minimum Investment amount is $5000. The loan is already funded 70% and filling quickly (it went live yesterday, June 10th).
As always, if anyone has questions, or wants more information, please message me, or reach out to 1-888-959-1465 or email [email protected].