Wanted Hard Money R/E secured loan 10% on 2 year commitment of 365,000

4 Years of legal battles with the Federal Government when Dodd Frank locked Small Businesses out of the mortgage market followed by denial of a Farm Loan because, my house was not modest in size cost and design, leaves me unable to obtain a mortgage. The Death of my mother leaves me with her residence and her loan debt. I’m seeking private funding for a Real Estate secured loan. I will establish and place the property into an LLC

Property                                  Tax Value            Book Value        Rented   / Potential   /For Sale

474 Orchard View Drive

Ararat VA Land 23 Acres     113,900.00            176,000.00

Improvements                      113, 000.00          334,000.00

Total                                          226,900.00          510,000.00                                     FS 300,000.00

 

This is a 22.75 acre farm with great vineyard potential click for more photos.

8908 Sharonbrook Drive March 10 2017 Appraised value of 135,000.00 

Charlotte, NC 28210

Land                                         19,100.00

Building                                   56,100.00                                                                                N/A

Total                                       75,200.00           75,000.00          Rental Value                P 1,200 Mth

8910 Sharonbrook Drive

Charlotte, NC 28210

Land                                        19,100.00

Building                                   74,800.00                                                   R 750. + maint   P 1,200 Mth

Total                                        93,900.00          75,000.00                      750.00 mth

Total Total                              396,000.00          660,000.00                      750.00                 2,400.00

 

 

 

 

 

 

 

This is residential duplex 1/2 rented near light rail click for more photos

 

Use of Funds

Purchase Cost                           268,000.00

Rehab                                          97,000.00

Total Cost                                   365,000.00

ARV                                             565,000.00

Current Tax Valuations           396,000.00

Total Cost to Tax Value            268/396 = .67

Total Loan to ARV                     365/565 = .64

268,000.00 Purchases property, establishes LLC holding property, Borrower will then place 60,000.00 in cash/equity into the Company which will fund initial rehab expenditures.

See more specifics here. See the Funding Proposal worksheet here. You may need to download it.

Contact Me.

Chris Julian christopher.b.julian@gmail.com

 

 

 

 

 

 

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One thought on “Wanted Hard Money R/E secured loan 10% on 2 year commitment of 365,000

  1. Pingback: The Story of Blue Ridge Springs Orchard v. Government Corruption: Wanted Collateralized Real Estate Loan. 2 To 1 Collateral – NLFRTA

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