All Discussions Tagged 'operational' - Real Estate Finance2024-03-29T14:59:22Zhttps://realestatefinance.ning.com/forum/topic/listForTag?tag=operational&feed=yes&xn_auth=noSeeking $600K Loan on Asset Value at $3.5M - Best Location.tag:realestatefinance.ning.com,2015-05-08:6517464:Topic:2292582015-05-08T22:22:55.423ZNichttps://realestatefinance.ning.com/profile/NicToledano
<p><span class="font-size-4">Single Family Residence(SFR) property located in Beverly Hills,CA 90210 - acquired 14 years ago.</span></p>
<p><span style="font-size: 19px;">1. Seeking Lender for $600k operational/construction funding for 12-18 months. Fast Close.</span></p>
<p><span class="font-size-4">2. Property Appraised 2014 at $3.4M</span></p>
<p><span style="font-size: 14pt;">3. First at $1.2M. 30% Debt To Equity </span></p>
<p><font size="4"><span class="font-size-4">4.…</span></font></p>
<p><span class="font-size-4">Single Family Residence(SFR) property located in Beverly Hills,CA 90210 - acquired 14 years ago.</span></p>
<p><span style="font-size: 19px;">1. Seeking Lender for $600k operational/construction funding for 12-18 months. Fast Close.</span></p>
<p><span class="font-size-4">2. Property Appraised 2014 at $3.4M</span></p>
<p><span style="font-size: 14pt;">3. First at $1.2M. 30% Debt To Equity </span></p>
<p><font size="4"><span class="font-size-4">4.</span> <span class="font-size-5"><strong>Keep 1st Loan in place (3.5%)</strong>,</span> <span class="font-size-4">and Lender does 2nd as </span></font><span style="font-size: 19px;">/Construction/ loan or L/C. Might consider Refi/Cashout depending on rates.</span></p>
<p><span class="font-size-4">5. Seeking Lender for $600k for 12-18 months. Fast Close. - Very Low Risk - Short Term </span></p>
<p><span class="font-size-4">6. Funds are to build Second Residence on adjacent lot - This will increase the value of the underlying asset by $3.5 to $4.1M. Funds also used for operational and to subdivide existing lot. </span></p>
<p><span class="font-size-4">7. Another $5.0M Construction Financing in 12 months will be required for these 2 projects. (Total ARV - $15M)</span></p>