6439 1/2 Downey Avenue, Long Beach, CA 90805, USA
Investment Summary
Investment Overview
Loan Details
| Lien Position | 1st Trust Deed |
| Loan Amount | $465,000 |
| Net Interest Rate | 8.50% |
| Term | I/O due in 1 year |
| Type of Transaction | Residential |
| Type of Loan | Fix & Flip |
| Transaction Type | Purchase |
| Occupancy | Investment Property |
Purchase Information
| Purchase Price | $535,000 |
| As-is Value | $767,000 |
| ARV | $775,000 |
| Rehab Needed | $55,000 |
| LTV (PP) | 86.92% |
| LTV (As is) | 60.63% |
| LTV (ARV) | 60.00% |
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 | No |
| Closed Flips YTD | |
| Closed Flips Lifetime | |
| Investment Properties Owned |
Property Information
| Property Type | 2-4 Units |
| Number of Units | 4 |
| Bedrooms / Bathrooms | 5/4 |
| Building Sq. Ft. | 3,027 |
Automated Values
| Zillow | $822,269 |
| Trulia | $0 |
| Redfin | $0 |
| Bank of America | $0 |
Property Attributes
| On a Busy Street |
No |
| Near Train Tracks |
No |
| Near Freeway |
No |
| Suburban or Rural |
Suburban |
BSF
| Interest Rate | 10.00% |
| Broker Service Fee | 1.5 % |
| Net Rate | 8.50% |
Location Details
Investment Overview
| Loan Amount | $465,000 |
| Net Interest Rate | 8.50% |
| Lien Position | 1st Trust Deed |
| Term | I/O due in 1 year |
| Purchase Price | $535,000 |
| As-is Value | $767,000 |
| LTV (As Is) | 60.63% |
| Type of Loan | Fix & Flip |
| Transaction Type | Purchase |
| Occupancy | Investment Property |
Documents
| Appraisal | |
| BPO | (Click to Download) |
| 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.