This fabulous, Victorian style home was purchased as a Short Sale for $137,000. Renovation took four weeks and it was sold CASH after two weeks on the market.
Note was structured as a 12 month loan with a prepayment penalty, thus the high rate of return since the home was sold just 2 months after aquisition. The investor was always secure with a First Mortgage and Security Deed to the home worth $260,00. (LTV 67%).
PLEASE NOTE: This is not a Security. The information provided herein is not intended to be for the purposes of soliciting a Security under State or Federal regulations.This information is intended to give the private investor alternatives to stock market investments, but is not intended to be a solicitation of a Security under SEC rules and definitions. This is intended to be a private borrowing transaction.
