Property Address

29 Glascow way Hampton Virginia 23669

Requested Loan Amount

$120,000

Loan to Value

69%

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

3

Number of Bathrooms

1.5

Owner Occupied

No

Loan Type

Purchase, Rehab Fix & Flip

Property Sq. Footage

1,382

Has property been located?

Yes

Preferred Closing Date

04/23/2021

Purchase Price

$90,000

Purchase Contribution

$20

Purchase Contribution Source

Friend

Purchase Plan

Sell It

Renovation Cost Estimate

$30,000

Renovation Description

*New Kitchen (New Counter-Tops, New Appliances, New Cabinets) *New Bathrooms 1 1/2 Baths (New Sink and counter-tops, Toilet---1/2 bath) Upstairs Bath (New Double Sink, Double Sink Counter-Top, New Cabinets, New Toilet) *Remove Popcorn Surface on Ceilings *New LVP downstairs and upstairs Bathroom, New Carpet on Stairs and upstairs bedrooms *Paint Entire House *New Roof *New Washer/Dryer *New Light Fixtures

Renovation Budget

Yes

Future Value

$175,000

Future Loan to Value

69%

Contractor

No

Team Ready

Yes

APN Parcel ID

11002115

Lot Size

1,468 acres

Will additional properties be collateralized?

No

Borrower Entity

LLC

Borrower Credit Rating

Good

Comments

Property has been located, would like to close by 4/23/21
Purchase Price: $90,000
What amount of the total cost will the borrower contribute? 20%
Source of Borrower's Contribution: Friend
What is the eventual plan for the property within the next 12 months? Sell It
How many property renovation projects has the Borrower completed as an investor? None
Does the Borrower have a renovation team ready to work on the project? Yes

Photos will be taken Tomorrow. Will upload once taken

First Name

Keith

Last Name

Giles

Phone Number

(757) 256-7756

Company

Blu-Star Home Solutions LLC

Role

Borrower

Location

Hampton Virginia USA

Use the form below to contact the Dealmaker