A distressed 4/2 single-family residential property located in the rapidly appreciating Tampa Heights corridor.
LOAN AMOUNT
$390,000
Investor required 90% purchase leverage and rapid funding to secure a wholesale off-market contract assignment.
Closed $390,000 loan in 8 days with streamlined desktop valuation and zero tax return documentation.
The Outcome
Project executed on budget. Sold for $575,000 within 10 days of market launch.
Deal Highlights
LOAN AMOUNT
$390,000
PURCHASE PRICE
$290,000
RENOVATION BUDGET
$130,000
FINANCING
90% LTV + 100% Rehab
AFTER-REPAIR VALUE
$560,000
PROJECT DURATION
7 Months
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