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Christopher Winkler
  • Specialist
  • Dallas, TX
389
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900
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Gap Lending Opportunity - Riverside, CA

Christopher Winkler
  • Specialist
  • Dallas, TX
Posted Sep 10 2019, 09:09


We are looking for a gap funding lender to cover 5% of the loan, or
$8,000.00, with the option to increase up to 10% or $16,000.00. We expect payoff to be 5 years or sooner.

Address: 5660 Camino Real, Riverside, CA 92509

  • Rehab Loan to finish construction
  • Owner Occupied: No
  • ARV: $450,000.00
  • New Loan: $160,000.00
  • CLTV: 36%
  • ICM Funds: $152,000.00
  • Gap Lender: $8,000.00
  • Interest Rate: 12%
  • Terms: 480 months
  • Balloon: 60 months
  • Default Rate: 14.99%

PM Me for more info...

Offering