$ 374,000

Loan Strategy: Refinance
Location: 2 Westwood Ave, Ellenville, NY 12428, USA
10% 65% 12 mo
Rate LTV Term
  • Property ID: 1051
  • Post Updated: 2020-10-14 17:02:55

Summary

  • About this property: The borrower purchased a single family house located at 2 Westwood Avenue, Ellenville, NY which has a current appraised market value of approximately $175,000.00, a two family house located at 5 Westwood Avenue, Ellenville, NY which has a current appraised market value of approximately $200,000.00, an eight unit apartment building located at 7 North Main Street, Ellenville, NY which has a current appraised market value of approximately $275,000.00, a single family house located at 13 Westwood Avenue, Ellenville, NY which has a current appraised market value of approximately $165,000.00 and a single family house located at 37 Chapel Street, Ellenville, NY which has a current appraised market value of approximately $145,000.00. Each property is fully renovated and rented. The combined appraised market value of the five properties is $960,000.00. York Funding will lend the borrower $624,000.00 . The borrower will sell or refinance the properties to repay the loan.

Rate Detail

  • York Mortgage Rate: 9.5%
  • Management Fee: 1.5%
  • Net Investor Rate: 8.0%

Investment Overview

  • Originator: York Funding LLC
  • Lien Type: First Mortgage
  • Origination Date: 10/16/19
  • Maturity Date: 10/16/20

Investment Purpose & Strategy

  • Loan Purpose: Refinance
  • Loan Strategy: Refinance
  • Property Purchase Price: $ 624,000
  • Borrowers Cash Into Deal: Blanket loan for five properties

LTV Details

  • Market Value: $ 960,000
  • Loan to Value: 65%

View on map / Neighborhood

  • Additional properties: 5 Westwood Avenue, Ellenville, NY 12428 7 North Main Street, Ellenville, NY 12428 13 Westwood Avenue, Ellenville, NY 12428 37 Chapel Street, Ellenville, NY 12428

Description

Invest Now!
This style property is located in Ellenville is currently and has been listed on York Funding LLC. This property is listed at $ 374,000. It has bedrooms, bathrooms, and is . The property was built in year.
2020-10-14T17:02:55-04:00