Anthem Country Club Investment Property
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Loan Amount: $870,000
Purpose: Borrower is purchasing the home through short sale to use as investment property. Tenant for property has already been identified. That tenant will be doing a lease with option to buy.
Collateral: First Trust Deed on 3,942 sq ft home located in Anthem Country Club built in 2002 on 0.42 acres. Contact for address.
Loan-to-Value: 69% based on a $1,250,000 appraised value which should arrive 06/04/19. Zillow has home valued at $1,275,000.
Interest Rate: 12.50% per annum, paid monthly. Note rate is 13%.
*NV Capital Corporation will receive a 0.5% interest override.
Minimum Interest: Six months minimum interest guaranty. No prepayment penalty after six months.
Term: 12 Months.
Borrower/Guarantor Profile: Contact for details. Returning Borrower.
RISK DISCLOSURE All real estate markets can be negatively affected by interest rates, availability of capital, supply and demand factors, and general economic conditions both locally and nationally. The investor should review this proposal with these risk factors in mind, and base the investment decision on both existing market conditions and potential changes in the economy, as well as the investor’s personal objectives and risk tolerance.