Deal Status

Active

Property Address

3746 E. Campbell Ave.

Pheonix, Arizona

Requested Loan Amount

560000

Loan to Value

70

Loan Term

6

Lien Position

1st

Collateral Type

Residential Property

Exit Strategy

Sale of Subject Property

Property Type

Single Family Residence

Number of Bedrooms

4

Number of Bathrooms

3

Property Occupied

No

Loan Type

Refinance

Property Sq. Footage

2600

Current Market Value

775

Existing Mortgages

  • 1st

Mortgage 1 Balance

527000

Equity Cash Out

No

Equity Cash Out Purpose

Business Working Capital

Appraisal

No

Will additional properties be collateralized?

No

Borrower Entity

LLC

Borrower Credit Rating

Good

Comments

Property has had 50K of 60K rehab completed. New flooring, cabinets, 3 bathrooms remodeled. 10K left of landscaping to be completed in next 2 weeks. Currently investor has 12% loan with 527K balance. Putting on market in 2 weeks. Plans to sell at 800K. Current condition as is right now is 775K. Looking to improve rate on loan and cash out 20 to 30K.

First Name

Paul

Last Name

Wolter

Company

Wenric Capital LLC

Role

Mortgage Broker

Location

Suamico
Wisconsin
USA