180k @ 15% 1st Lien BRRRR Deal in Buffalo Suburb
*Update have 155k committed, deal is fully funded*
Closing 10/17. I am putting in 25k, need 155k to close.
This will be my 2nd Deal posted to PMC using private lending (11th deal total) , I am offering a special rate of 15% for 1st Lien Position
3 Bed/1 Bath single family home in Orchard Park in a nice neighborhood near Chestnut Ridge park. Large lot with porch, detached shed and driveway. Scope of the rehab includes a kitchen gut and transforming upstairs into a spacious master bedroom.
1st Position Lien
15% Annual Interest Paid Monthly
1 Year (goal of 6 months)
Purchase Price $130,000
Rehab cost (including holding costs) $50,000
Total investment $180,000
Lender's return on investment (180k loan) = $27,000
6 month project = $13,500
Perfect Loan Proposal can be sent on request.
Total Investment $180,000
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