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8344b0b6549a56f5397552ebb81dbb4c-uncropped_scaled_within_1536_1152
$130,000.00

1st Deal on PMC $130k @ 15% for 1st Lien South Buffalo Single with Double Lot

*Update* I am putting in 20k out of pocket, need 110k to close.

1st Deal on PMC offering special of 15% for 1st Lien Position

4 Bed/1 Bath single family home with a double lot, vinyl sided, fenced in yard, with a driveway, garage and storage/"man cave". Property located in South Buffalo neighborhood. Plan is to rent and refinance the property. I own and manage 9 duplexes in the city of Buffalo including 2 within a block from this property.

1st Position Lien

15% Annual Interest Paid Monthly
1 Year (goal of 6 months)

Purchase Price $90,000
Rehab cost (including holding costs) $40,000
Total investment $130,000

Lender's return on investment (110k loan) = $16,500
6 month project = $8250

I am new to PMC, Perfect Loan Proposal is attached. I can send the larger file with tax returns on request.

Total Investment $130,000
ARV $185,000

Property Information

Address
70 Frank Ave, Buffalo, NY 14210
Property Type
Single Family Home
Bedrooms
4
Bathrooms
1
Year Built
1910
Building Square Footage
1120
Lot Square Footage
7501

Financials

Estimated Repairs
40,000
After Repair Value
185,000
Total Investment
130,000

Contacts

Author Info

Chuck Hypnarowski

Member since 2 months ago
  • charles.hypnarowski@gmail.com
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1st Deal on PMC $130k @ 15% for 1st Lien South Buffalo Single with Double Lot 0 reviews

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