$ 500,000

Loan Strategy:
Build & Sell

Location:
1900 SW 7th Pl, Ocala, FL 34471, USA

7.5% 65% 24 mo.
Rate LTV Term

Summary

  • About this property: The borrower purchased a 16 unit residential apartment complex in 1900-1934 Southwest 7th Place, Ocala, FL for $750,000. The borrower renovated 14 units for $125,000, which are currently rented. The borrower will complete the renovations of the remaining 2 units for $20,000 and refinance the property to payoff the loan.

Rate Detail

  • York Mortgage Rate: 8.5%
  • Management Fee: 1.0%
  • Net Investor Rate: 7.5%

Investment Overview

  • Originator: York Funding LLC
  • Lien Type: Pledge Agreement

Investment Purpose & Strategy

  • Loan Purpose: Construction of 16 Units
  • Loan Strategy: Build and Sell

LTV Details

  • Market Value: $ 1,000,000

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Description

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2020-10-14T16:59:49-04:00