Private Loans Portfolio
1306 South 9th St Tacoma, WA. 98405
COLLATERAL & BORROWER
SFR
Desirable Neighborhood
Owned Free & Clear
Experienced Rehabber purchased to rehab & flip
LOAN
Type: Refinance (for Rehab), NOO
1 st Loan, Amount: $25,000.00; LTV: 22%
Terms: 6 months, funded.
No Prepayment penalty
PAID OUT IN 7 MONTHS
INVESTMENT
1st Trust Deed (Fractionalized)
Three Different Investor participants
Projected/Actual ROI: 13%
917 E. Walton Ave. Spokane, WA 99207
COLLATERAL & BORROWER
SFR (2 Bdrm, 1 Bath, ~960 sq ft.)
Desirable Neighborhood for Rental
Borrower purchased to rehab and refinance
Conventional Refinance Pre-approval in place at the time [due to strong credit score]
LOAN
Type: Loan For Purchase
1 st Loan, Amount: $53,300.00; LTV: 55% (Purchase: $51,900.00, ARV: $90,000)
Terms: 3 months, funded.
Borrower’s Own Rehab Fund: $15,000.00 (from LOC)
No Prepayment penalty
PAID OUT AS EXPECTED
INVESTMENT
1st Trust Deed (Fractionalized)
Three Different Investor participants
Projected/Actual ROI: 20%
5017 35th Ave SW Seattle, WA 98126
COLLATERAL & BORROWER
SFR (5 Bdrm, 2 Bath, ~945 sq ft.)
Desirable Neighborhood
Major remodel (adding two new bedrooms in basement)
Experienced Rehabber purchased to fix and flip
LOAN
Type: Rehab Loan
2nd Loan, Amount: $82,000; CLTV: 67% (Purchase: $170,000, ARV: $375,000)
Terms: 6 months, funded.
No Prepayment penalty
Remodel finished in 4 months and sold
INVESTMENT
2nd Trust Deed (Fractionalized)
Two Investor Participants
Projected/Actual ROI: 28%
5652 35th Ave SW Seattle, WA 98126
COLLATERAL & BORROWER
SFR (5 Bdrm, 2 Bath, ~960 sq ft.)
Desirable Neighborhood
Major remodel (adding two new bedrooms in basement)
Experienced Rehabber purchased to fix and flip
LOAN
Type: Rehab Loan
2nd Loan, Amount: $90,000; CLTV: 67% (Purchase: $170,000, ARV: $370,000)
Terms: 6 months, funded.
No Prepayment penalty
Remodel completed in 6 months and sold
INVESTMENT
2nd Trust Deed (Fractionalized)
Two Investor Participants
Projected/Actual ROI: 28%
28422 Redondo Beach Dr. Des Moins, WA 98198
COLLATERAL & BORROWER
SFR (6 Bdrm, 3 Bath, ~1,320 sq ft.)
Desirable Neighborhood (Waterfront)
Major remodel (added extra bath)
Experienced Rehabber purchased to fix and flip
LOAN
Type: Rehab Loan
2nd Loan, Amount: $147,000; CLTV: 73% (Purchase: $295,000, ARV: $605,000)
Terms: 6 months, funded.
No Prepayment penalty
Remodel completed and sold
INVESTMENT
2nd Trust Deed (Fractionalized)
Four Investor Participants
Projected/Actual ROI: 27%