Deal Status

Active

Property Address

426 Spring River Dr., Martindale Texas 78655

Requested Loan Amount

$220,000

Loan to Value

90%

Loan Term

360 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

2

Owner Occupied

No

Loan Type

Purchase

Property Sq. Footage

1,266

Has property been located?

Yes, and it’s under contract

Purchase Price

$220,000

Loan to Cost

100%

Purchase Plan

Rent It (property delivered vacant)

Lot Size

0.36 acres

Will additional properties be collateralized?

No

Borrower Entity

LLC

Borrower Credit Rating

Excellent

Comments

The property is under a lease with option to buy. It is set up as an AirBNB with rentals already booked through the year.

First Name

Tracy

Last Name

Byrne

Phone Number

(800) 958-9167

Company

Live Oak Capital Investing

Role

Certified Private Money Broker

Location

New Braunfels, Texas

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