Deal Status

Active

Property Address

New Orleans Louisiana 70126

Requested Loan Amount

$45,000

Loan to Value

90%

Loan Term

24 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

1,334

Renovation Cost Estimate

$15,000

Renovation Description

HUD won bid on property in New Orlean, Louisiana. Need to close quickly and understand terms of loan.

Renovation Budget

Yes

Future Value

$109,000

Future Loan to Value

60%

Renos Completed

3

Contractor

No

Team Ready

Yes

Will additional properties be collateralized?

No

Borrower Entity

Individual(s)

Borrower Credit Rating

Poor

Comments

I am burdened with student loans and recent divorce. Flipped 3 properties - 1 in Houston, 2 in Florida. The prior events depleted savings and reduced my FICO scores.

First Name

Erica

Last Name

Sheffield

Phone Number

(407) 285-6647

Role

Borrower

Location

New Orleans, Louisiana

Use the form below to contact the Dealmaker