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Detroit, MI – $271,500

Invest In This Loan
LOAN ID: 2022MIPORT-30R

PROPERTY DETAILS

ADDRESS

1723-1727 Canton St, Detriot, MI 48207

Purchase Price

$

As-Is Value (AIV)

$362000

Rehab Budget

$

Exit Value (ARV)

$362000

LOan Details

Total Loan Amount

$271500

Interest Rate (Annualized)

9%

Loan Type

No Rehab, Transactional

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

Google Street View

https://goo.gl/maps/jBDhByka8V4Liqae8
1723-1727 Canton Ave, Detroit, MI

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