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
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
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
Total Cost 365,000.00
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.
Chris Julian email@example.com
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