Seeking Private Lender for Phoenix Home Build: 10% Secured Return
Blue Sky Homes is seeking funding for our newest project in Phoenix, AZ.
| Property | 4136 N. 42nd St. Phoenix, AZ 85018 |
| New Build Value | $799,000 |
| Purchase Price | $310,000 |
| Seeking Secured Debt | $249,000 |
| Loan-to-Value (LTV) | 80% |
| Rate | 10% (annualized, no points or fees) |
| Term | 12 months, interest-only |
How We Will Add Value
Demo/New Build. We will add value to this property by demolishing the existing home and building a larger home with design similar to our recently completed project just down the street at 4210 N. 42nd St (see comps). That project pre-sold in July for above list price. Our brand as a boutique homebuilder is very strong in the Arcadia Lite neighborhood, due to 11 active projects within a 1.5 mile radius. Also, in 2016 we have already completed 2 homes on the same block; both sold for above original list price. Comparable sales data available upon request.
About Us
Blue Sky Homes is a full-service Arizona real estate investment firm owned and operated by Nick and Adralyn Blue.We provide stylish, move-in-ready homes to buyers, and real-estate investment programs for both passive and active investors. Since 2009,we have borrowed in excess of $75 Millionand repaid ourlenderswith a100% success rate (over $4.5 Million in interest.) Current Lender References are available upon request.
Contact Scott Scharl for More Information
602-558-4553
or schedule a call with Scott at calendly.com/scottphx/30mincall