LOAN ID: 2022MO3429
PROPERTY DETAILS
ADDRESS
3429 E 45th Street, Kansas City, MO 64130
Purchase Price
$135,000
As-Is Value (AIV)
$140,000
Rehab Budget
$112,000
Exit Value (ARV)
$410,000
LOan Details
Total Loan Amount
$247,000
Investor Yield (Annualized)
12%%
Loan Type
Rehab & Unit Conversion
Loan Exit
Sell Property
Funding Date
10/21/2022
Loan Length (Months)
6
Loan-To-Value (LTV) or Loan-To-Cost (LTC)
96.43%
Loan-To-After Repair Value (LTARV)
60.24%
Borrower Details
# of Similar Completed Project in Past 3 Years
5+
Primary Guarantor FICO Score
803
Borrower Bio & Background
The Borrower is an experienced entrepreneur with a passion for real estate. Focusing in the Kansas City area, he buys single family homes and runs them through a very thorough rehab process. This is done to market them as “turnkey rental properties” for passive income investors. Prior to making a full time change into real estate, he started and sold several successful businesses.
He is also a U.S. Marine Corps veteran with multiple overseas deployments to the Middle East—Iraq and Afghanistan—where the network, skills, and discipline he uses in business and real estate were formed. His experience laid the groundwork for his entrepreneurial career.
Property Image (BEFORE REMODEL)
Google Street View
https://goo.gl/maps/yyt1KQqpzzq7pfZE8
