113 Sugar Creek Road, Winter Haven, FL 33880, USA
Investment Summary
Dear Trust Deed Investors
Premier Money Source, Inc. is pleased to present the following Trust Deed Opportunity for your consideration. This is a refinance first trust deed against an investment property in Winter Haven, FL. This is a business purpose opportunity. Borrower inherited this property and has completed the rehab. This loan is to pay for the rehab cost. This will be done thru a construction holdback account, which will have a 3rd party inspection to verify work is completed.
Overview:
1st Loan Amount: $153,000
Security: Winter Haven, FL AS-IS Value: $295,000
Term Requested: 12 month term
Purpose of Loan: Refinance to pay for the rehab already completed
Rehab Amount: $130,800
ARV: $295,000
Exit Plan: Loan will either be paid off or re-financed.
COE: To be approximately on 8/27/2024
Min Investment: Fractional offers will be considered with a minimum investment of $153,000
If you have interest in this investment opportunity, please contact Duane Wellhoefer at 949.246.1992 or Duane@premiermoneysource.com. If you wish to commit to this loan, please provide your exact vesting for loan documents, amount you would like to invest, and best phone.
Thank you in advance for your consideration.
Loan Details
| Lien Position | 1st Trust Deed |
| Loan Amount | $153,000 |
| Net Interest Rate | 9.25% |
| Term | I/O due in 1 year |
| Type of Transaction | Residential |
| Type of Loan | Rental |
| Transaction Type | Refinance C/O |
| Occupancy | Investment Property |
Purchase Information
| Purchase Price | |
| As-is Value | $295,000 |
| ARV | $295,000 |
| Rehab Needed | $130,800 |
| LTV (PP) | |
| LTV (As is) | 51.86% |
| LTV (ARV) | 51.86% |
Junior/Senior Financing
| Junior/Senior Financing | No |
| Type of Junior/Senior Financing |
| Junior/Senior Lien Position | |
| Junior/Senior Loan Amount |
Borrower Information
| Credit Score | |
| Foreclosure | No |
| Bankruptcy |
| Closed Flips YTD | |
| Closed Flips Lifetime | |
| Investment Properties Owned |
Property Information
| Property Type | SFR |
| Number of Units | 1 |
| Bedrooms / Bathrooms | 3/2 |
| Building Sq. Ft. | 1,361 |
Automated Values
| Zillow | $255,900 |
| Trulia |
| Redfin | $261,310 |
| Bank of America |
Property Attributes
| On a Busy Street |
No |
| Near Train Tracks |
No |
| Near Freeway |
No |
| Suburban or Rural |
Suburban |
BSF
| Interest Rate | 12.50% |
| Broker Service Fee | 3.25 % |
| Net Rate | 9.25% |
Location Details
Investment Overview
| Loan Amount | $153,000 |
| Net Interest Rate | 9.25% |
| Lien Position | 1st Trust Deed |
| Term | I/O due in 1 year |
| Purchase Price | |
| As-is Value | $295,000 |
| LTV (As Is) | 51.86% |
| Type of Loan | Rental |
| Transaction Type | Refinance C/O |
| Occupancy | Investment Property |
Documents
| Appraisal | (Click to Download) |
| BPO | |
| Appraisal Review |
| MLS Listing - Before | (Click to Download) |
| MLS Listing - After | |
| Comps |
Have a Question ?
If you have a question about the transaction process general inquiry, Premier Money Source will be happy to help.