Deal Status

Active

Property Address

New Orleans, Louisiana

70126

Requested Loan Amount

45000

Loan to Value

90

Loan Term

24

Lien Position

1st

Collateral Type

Residential Property

Exit Strategy

Sale of Subject Property

Property Type

Single Family Residence

Number of Bedrooms

3

Number of Bathrooms

1.5

Property Occupied

No

Loan Type

Purchase, Rehab Fix & Flip

Property Sq. Footage

1334

Renovation Cost Estimate

15000

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

109000

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

Company

Role

Borrower

Location

New Orleans
Louisiana
USA