LOAN ID: 2022MIPORT-30R
PROPERTY DETAILS
ADDRESS
1723-1727 Canton St, Detriot, MI 48207
Purchase Price
$
As-Is Value (AIV)
$362,000
Rehab Budget
$
Exit Value (ARV)
$362,000
LOan Details
Total Loan Amount
$271,500
Investor Yield (Annualized)
9%%
Loan Type
Loan Exit
Refinance to Rental
Funding Date
05/09/2022
Loan Length (Months)
36
Loan-To-Value (LTV) or Loan-To-Cost (LTC)
75%
Loan-To-After Repair Value (LTARV)
%
Borrower Details
# of Similar Completed Project in Past 3 Years
5+
Primary Guarantor FICO Score
732
Borrower Bio & Background
Client has 5+ rentals in the local Detroit neighborhood and also indicated liquidity of $200k+ and net worth of $1.5mm+
Property Image (BEFORE REMODEL)
Google Street View
https://goo.gl/maps/jBDhByka8V4Liqae8
