Deal Summary

Looking for best rate and terms for this bridge loan.

Have Property Under Contract
Fabiola Lima

Borrower Info

 
Frank
No
miami
FL
33155
NA
Yes
miami
FL
33155
04/06/1981
0
650
720 +

Borrowing Business Entity

LLC
02/05/2008
GA
miami
FL
33155
No
0.00
0
 
 
0.00
0.00
0.00
0.00
0.00
0
President
50
0.000
01/16/1923
0
VP
25
0.000
03/03/2022
0

Sales Method

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Fee Schedule

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Equipment Info

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11:45:20 AM
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Additional Guarantors

No

Borrower Background

No
Spain
Green Card status
Yes
Yes
Yes
No
No
No
No

Borrower Experience

Yes
0
0
0
0
0
0
0
0
Yes
0
0
0
0
0
0
0
0
0
0
0
0
Upload HUD
0
0
Upload HUD
0
0
Upload HUD
Yes
5
Yes
2
NA
Yes
General Contractor
1,500,000.00
Residential fix & flip

Typical Transactions

To
To
To
To
0
To
0
0
To
0
0
To
0
0
To
0
0
To
0

SBA Questions

0.00
0.00
$
$
0
0

Assets (Include Borrower + Co-borrower)

Type
Estimated Value ($)
Amount Owed ($)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Total:

$

$

Total Est. Value

- Total Amt Owed

= Total Net Worth

$

- $

= $

Gifts or Grants

Gifts Or Grants : 1

Borrower Employment Information

$

Additional Employment Information : 1

Borrower Monthly Income

$
$
$
$
$
$
$
$
$

$ 9,000.00

(Borrower)

Borrower Monthly Expenses

Monthly Payment

Bal Owed

$ 1,699.50
$
$ 4.17
$
$ 2.50
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

$ 1,706.17

(Borrower)

Liabilities

$
$
$
$
$

Partnerships

Partnerships 1

01/27/2023
$
$
$
$
01/27/2023

Other New Mortgage Loans on the Property

Other New Mortgage Loans : 1

Loan Terms

 
11/24/2021
$ 524,000.00
12/01/2021
From: 9 - To: 10
Investment
1
Purchase
No Doc
11/24/2020
12 Months
9.900 %
-293.54
Interest Only     Fixed
ILA
$ 874.50
360
$ 50.00
$ 30.00
Yes
3
No
Yes
Yes
$ 250,000.00
$ 475,000.00
$ 850,000.00
$ 150,000.00
maxAmtToPutDownClass
$ 150,000.00
commercialTdFieldsClass
60.00000 %
transactionalTdFieldsClass
$
100,000.00
rehabConsClsClass LOCTotalLoanAmt_dispClass
doesPropertyNeedRehabDispDivCLass1
$ 50,000.00
doesPropertyNeedRehabDispDivClass2
100 %
doesPropertyNeedRehabDispDivClass3
$
150,000.00
propertyNeedRehabinitialTddispClass
$
payOffMortgage1_dispClass
$ 13,000.00
$ 15,000.00
propertyNeedRehabinitialTddispClass
$
106,000.00
CORTotalLoanAmt_disp
$ 266,000.00
$
450,000.00
$
320,110.00

Simple ARV 28.79 %

Full ARV 31.29 %

Acquisition LTV 46.40 %

Market LTV 24.42 %

Loan-to-Cost(LTC) 59.11 %

% Of Rehab/Construction
(Cost Financed) 300.00 %

86.42 %

Subject Property Details

miami
FL
33129
Single Family Home
0
0
0
0.000  %
0
0
0.00
0
0
0
2500000
Get Zillow Value
0
Fair
Needs lots of renovation work. hasnt been updates since 1995
1,000.00
0
In Month
Yes

Rent Roll