Mortgage-secured REO investment - Project# 6617518

By
Mortgage and Lending with LX Financial LLC

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; and
2. 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 available.
 
Review "Safe & Smart REO Investing"

Comments (0)