324 3rd Street, Richmond, CA 94801, USA
Investment Summary
Investment Overview
Loan Details
| Lien Position | 1st Trust Deed |
| Loan Amount | $500,000 |
| 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 | $255,000 |
| As-is Value | $260,800 |
| ARV | $375,000 |
| Rehab Needed | $40,000 |
| LTV (PP) | 196.08% |
| LTV (As is) | 191.72% |
| LTV (ARV) | 133.33% |
Junior/Senior Financing
| Junior/Senior Financing | Yes |
| Type of Junior/Senior Financing | Junior |
| Junior/Senior Lien Position | 2nd Trust Deed |
| Junior/Senior Loan Amount | $25,500 |
Borrower Information
| Credit Score | |
| Foreclosure | No |
| Bankruptcy | No |
| Closed Flips YTD | |
| Closed Flips Lifetime | |
| Investment Properties Owned |
Property Information
| Property Type | SFR |
| Number of Units | 1 |
| Bedrooms / Bathrooms | 2/2 |
| Building Sq. Ft. | 1,080 |
Automated Values
| Zillow | $344,559 |
| Trulia | $264,029 |
| Redfin | $264,900 |
| Bank of America | $318,584 |
Property Attributes
| On a Busy Street |
No |
| Near Train Tracks |
No |
| Near Freeway |
No |
| Suburban or Rural |
Suburban |
BSF
| Interest Rate | 9.75% |
| Broker Service Fee | 1.25 % |
| Net Rate | 8.50% |
Location Details
Investment Overview
| Loan Amount | $500,000 |
| Net Interest Rate | 8.50% |
| Lien Position | 1st Trust Deed |
| Term | I/O due in 1 year |
| Purchase Price | $255,000 |
| As-is Value | $260,800 |
| LTV (As Is) | 191.72% |
| Type of Loan | Fix & Flip |
| Transaction Type | Purchase |
| Occupancy | Investment Property |
Documents
| Appraisal | |
| BPO | (Click to Download) |
| Appraisal Review |
| MLS Listing - Before | |
| 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.