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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