mortgage secured investment: Mortgage-secured REO investment - Project# 6617518 - 05/31/12 12:51 AM
Here is a current investment summary. As always, a quick response is needed. • Purchase and rehab of 2-family property, NJ 07108• Funding requirement is 92% of cost, representing 46% of After Repair Value (ARV).• Exit is resale or refinance, whichever occurs first.• Expected project time is 3-4 months. Projections below are based on 6 months.• Projected annualized ROI: 41.7%
Investment, and profit share, and interest, are secured by:1. First mortgage; and2. Developer company shares (the ownership of the property essentially, avoiding the need for foreclosure in the event of default) Download the Investment Summary Let me know right away, if interested. I will send you the information package when … (0 comments)