Flip Loan for SFR in Mount Juliet, TN

Funded by Key Partners Funding

$211,500

Deal Details

Private Loan Type

Residential Fix and Flip

Approx. Funding Date

02/06/2024

Property Type
Ranch
Property City

Mt Juliet

Property State

TN

Loan Term (months)

12

Lien Type

1st Mortgage

Payment Type

Interest Only

Purchase Price

$160,000

Loan-to-Purchase Price

90%

Borrower's Contribution to Purchase

10%

Source of Borrower's Contribution

Cash

Renovation Budget

$75,000

Renovation Budget Funded

100%

Borrower's Contribution to Budget

0%

After-Repair Value

$325,000

Loan-to-After-Repair Value

65%

Renovation Project Scope

Heavy Rehab

Location Type

Suburban

Property Condition

Fair

Occupancy at Closing

Vacant

Number of Units

1

Building Square Footage

1,200

Borrower's Plan

Rehab and Sell

Exit Strategy

Sale

Borrower Credit Rating

Good

Interest Rate

10.5%

Origination Points

2%

Funded By

Key Partners Funding

Your Financial Helping Hand

More Deals By Key Partners Funding