Deal Status

Active

Property Address

11802 foal labe north potomac Maryland 20878

Requested Loan Amount

$300,000

Loan to Value

80%

Loan Term

6 months

Lien Position

1st

Collateral Type

Residential Property

Exit Strategy

Sale of Subject Property

Collateral and Loan Details

Property Type

Single Family Residence

Number of Bedrooms

2

Number of Bathrooms

1.5

Owner Occupied

No

Loan Type

Purchase, Rehab Fix & Flip

Property Sq. Footage

1,060

Has property been located?

Yes

Preferred Closing Date

04/20/2021

Purchase Price

$310,000

Purchase Contribution

$30,000

Purchase Contribution Source

Own Cash

Loan to Cost

90%

Purchase Plan

Sell It

Renovation Cost Estimate

$20,000

Renovation Description

New kitchen and remove wall separating kitchen from dining room (other townhouses in the community have removed this wall, so I know its not load bearing). This will create an open flow on the first floor. Turn half bath into a full bath by adding a stall shower (if possible). New full bathroom. New floors and paint throughout (where needed, Hardwoods on first floor look to be in good shape). Match all flooring. Clean up landscaping and exterior. Clean up back yard. Repair and repaint exterior as needed. Staging.

Renovation Budget

Yes

Future Value

$400,000

Future Loan to Value

75%

Contractor

No

Team Ready

Yes

APN Parcel ID

06-02632856

Lot Size

0.10 acres

Will additional properties be collateralized?

No

Property Photos

Borrower Entity

LLC

Borrower Credit Rating

Excellent

Comments

Thank you very much for your consideration! If you review this request and turn me down, would you mind reaching out and letting me know what I could do to improve? I would greatly appreciate the information. Thanks!

First Name

Karen

Last Name

ALegi

Phone Number

(202) 302-2331

Company

Sage Investment Group LLC

Role

Borrower

Location

Laytonsville Maryland USA

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