$ 109,260

Loan Strategy:
Renovate & Refinance

Location:
5632 S Marshfield Ave, Chicago, IL 60636, USA

11% 54% 12 mo.
Rate LTV Term

Summary

  • About this property: The borrower purchased a single family house located at located at 5632 South Marshfield Avenue, Chicago, IL for $29,210.00. The borrower will renovate the property for $80,050.00. The appraised market value of the property after renovations are completed will be $200,000.00. York Funding lent the borrower $109,260.00 to purchase and renovate the property. The borrower will complete the renovations and sell or refinance the property to repay the loan.

Rate Detail

  • York Mortgage Rate: 11.0%
  • Management Fee: 1.5%
  • Net Investor Rate: 9.5%

Investment Overview

  • Originator: York Funding LLC
  • Lien Type: First Mortgage
  • Repayment Type: Interest Only
  • Origination Date: 08/16/19
  • Maturity Date: 11/20/19

Investment Purpose & Strategy

  • Loan Strategy: Renovation and Refinance
  • Property Purchase Price: $ 29,210

LTV Details

  • Market Value: $ 200,000
  • Loan to Value: 54%

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Description

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2020-10-14T17:04:56-04:00