Deal Status

Active

Property Address

16395 Gull Lake Loop Rd, Bemidji Minnesota 56601

Requested Loan Amount

$59,000

Loan to Value

90%

Loan Term

60 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

Owner Occupied

No

Loan Type

Purchase, Rehab Fix & Flip

Property Sq. Footage

1,008

Has property been located?

Yes, and it’s under contract

Purchase Price

$55,000

Purchase Contribution

$10,000

Purchase Contribution Source

Equity in Subject Property

Loan to Cost

93%

Purchase Plan

Sell It

Renovation Cost Estimate

$30,000

Renovation Description

Renovate and upgrade the entire unit to today's area standards

Renovation Budget

Yes

Future Value

$185,000

Future Loan to Value

32%

Contractor

No

Team Ready

Yes

APN Parcel ID

34.00203.00

Lot Size

199.94 acres

Will additional properties be collateralized?

No

Borrower Entity

LLC

Borrower Credit Rating

Good

Property Photos

Attachments

Comments

Property is currently under contract with my company

First Name

Joseph

Last Name

Doyle

Phone Number

(951) 410-9104

Company

JED REI Marketing, LLC

Role

Borrower

Location

Riverside, California

Use the form below to contact the Dealmaker