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Updated over 8 years ago on . Most recent reply

User Stats

229
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58
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Scott Scharl
  • Colorado Springs, CO
58
Votes |
229
Posts

Seeking 10% Private Lender(s) for Phoenix, AZ Lot Split Project

Scott Scharl
  • Colorado Springs, CO
Posted
Property4819 N. 35th St. Phoenix, AZ 85018
New Build Value$1.5 Million (two lots at $750,000 each)
Purchase Price$675,000
Seeking Secured Debt$100,000 - $350,000
Loan-to-Value (LTV)15% - 52%
Rate10% (annualized, no points or fees)
Term12 months, interest-only
Close of Escrow10/15/16 (approx.)
Comparable SalesClick Here

How We Will Add Value

Lot Split/New Builds. We are under contract to purchase two lots, currently being split by the seller. We will build two new homes, each roughly 2,700' square feet. One with a pool, one without. One will be a basement home and the other a one story.

About Us

Blue Sky Homes is a full-service 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 Million and repaid our lenders with a 100% success rate (over $4.5 Million in interest). Current Lender References are available upon your request.

Contact Scott Scharl for More Information:

602-558-4553

[email protected]

or schedule a call with Scott here.

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