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Deal Details
Private Loan Type
Residential Fix and Flip
Approx. Funding Date
07/07/2023
Property Type
Single Family Residence
Property City
Baltimore
Property State
MD
Loan Term (months)
6
Lien Type
Senior
Payment Type
Interest Only
Purchase Price
$157,000
Loan-to-Purchase Price
80.76%
Borrower's Contribution to Purchase
19.24%
Source of Borrower's Contribution
Cash
Renovation Budget
$55,000
Renovation Budget Funded
100%
Borrower's Contribution to Budget
0%
After-Repair Value
$270,000
Renovation Project Scope
Heavy Rehab
Property Condition
Good
Occupancy at Closing
Vacant
Lot Square Footage
6,865
Borrower's Plan
Rehab and Sell
Exit Strategy
Sale
Borrower Credit Rating
Good
Interest Rate
12%
Origination Points
2%
Funded By
Real Property Investment Partners
NO APPRAISAL REQUIRED. Providing institutional-grade lending with a local presence.
Dealmakers
Tibor Wilheim
Managing Director