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Deal Details
Private Loan Type
Residential Fix and Flip
Approx. Funding Date
06/28/2023
Property Type
Single Family Residence
Property City
Philadelphia
Property State
PA
Loan Term (months)
12
Lien Type
Senior
Payment Type
Interest Only
Purchase Price
$120,000
Loan-to-Purchase Price
74.16%
Borrower's Contribution to Purchase
25.84%
Source of Borrower's Contribution
Cash
Renovation Budget
$85,000
Renovation Budget Funded
100%
Borrower's Contribution to Budget
0%
After-Repair Value
$255,000
Loan-to-After-Repair Value
68%
Renovation Project Scope
Heavy Rehab
Property Neighborhood
Philadelphia
Location Type
Urban
Property Condition
Good
Occupancy at Closing
Vacant
Funded By
Real Property Investment Partners
NO APPRAISAL REQUIRED. Providing institutional-grade lending with a local presence.
Dealmakers
Tibor Wilheim
Managing Director