Updated about 9 years ago on . Most recent reply
Seeking 10% Private Loan - Funding Fri. 10/28!
Blue Sky Homes is seeking a private lender to help fund a new build project in Phoenix's Arcadia Lite neighborhood.
Property: 4144 N. 43rd St. Phoenix, AZ 85018
New Build Value: $799,000
Purchase Price: $340,000
Seeking Secured Debt: $50,000 - $272,000
Loan-to-Value (LTV): 15% - 80%
Interest Rate: 10% (annualized, no points or fees)
Loan Term: 12 months, interest-only
Expected Hold Time: 6-7 months
Comparable Sales: MLS Link
How We Will Add Value: Demo/New Build. The existing home on this property has already been demolished, and plans are already under review to build the new 4 bedroom, 3 bath home rendered above. We are also currently working on a second project just up the street at 4212 N. 43rd St.
About Us: Blue Sky Homes is a family-owned, full-service real estate investment firm owned and operated by Nick and Adralyn Blue. We provide stylish, move-in-ready homes to buyers in Phoenix, Scottsdale, Tempe, Mesa, Gilbert, Chandler, Buckeye, Avondale, Ahwatukee, and even Austin, TX. 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.