$170,000 lending on a $650,000 ARV

[Michael Moikeha]

Hello! 

I have a great project in Portland, OR. We are looking for partial financing for the project. 

Here is the breakdown on the property —

Purchasing Price $450,000

Budget $100,000

TOTAL $550,000

After Repair Value $650,000

Owner Financing $382,500

Loan Amount $170,000 in 2nd position

We have the closing date extended till March 10th.

This property is a great home in the SE Richmond with a street level entrance to the full hight basement area which will be finished out into a legal permitted ADU. The main house needs normal updates but is in great condition.

Looking forward to doing business with you,