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Kansas City, MO – $250,000

Invest In This Loan
LOAN ID: 2022MO3429

PROPERTY DETAILS

ADDRESS

3429 E 45th Street, Kansas City, MO 64130

Purchase Price

$135000

As-Is Value (AIV)

$140000

Rehab Budget

$112000

Exit Value (ARV)

$410000

LOan Details

Total Loan Amount

$247000

Interest Rate (Annualized)

12%

Loan Type

Rehab & Unit Conversion

Loan Exit

Sell Property

Funding Date

10/21/2022

Loan Length (Months)

4

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

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 leap 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

Google Street View

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