Residential Fix & Flip Bridge Loan 601

Type: 1-4 Family

Target: $650,000

Annual Return: 9.00%

Min-invest Amount: $50,000

Duration: 6-12months

  • Total:
Project Complete
This is a prefunded residential - purchase opportunity for a Single Family Residential property in Flushing, NY. The developer is requesting a short-term loan of $650,000 in order to purchase the underlying property. The loan is secured by a Multi-Family property (property A) and the underlying property (property B). The As-Is value of the property B is $722,000 and the loan is the first position holder. The As-Is Value of the property A is $1,200,000 and the loan is in second lien position to the first lien mortgage, which currently has an outstanding principal balance of $330,000. No other liens will be allowed without Lender’s approval. The $650,000 loan is 40% of the total value of the collateral. Interests will be disbursed monthly. The borrower has paid upfront 6 months interests.
  • Senior Lien Position: The loan is secured by a first position lien.
  • Low Leverage: Total value of collateral is $1,592,000 which makes LTV to 40%.
  • High Returns: Investors are projected to receive monthly interest payments equal to a 9.0% annualized return.
  • Upfront Interests: 6 months interests are paid up front. Investors will, at a minimum, receive 6 months of interests.
  • Growing Community: The project is located in Flushing, one of most booming communities in Queens, NY. Over the past four years, the median sales price has increased by 64%.
 PPM (Only available to accredited investors)

 Subscription Agreement (Only available to accredited investors)
 Operating Agreement (Only available to accredited investors)

 Appraisal (Only available to accredited investors)