20% monthly cash-on-cash opportunity
12 units total (2 buildings)as a high-yield investment opportunity (NOT a property sale)
The offering is for a secured 2nd position loan backed by the property and the cash flow. The asset generates at the moment (70K a year which is 40% of the potncial of 180K after unties upgrade), also current valuation (for both buildings) is 650K ish with 1st loan of only 350k (54% LTV), meaning a lot of equity available, and afer renovation and market rent increase property new valuation will be 1-1.2M.
Seeking $50K-$100K in debt financing (2nd position) to complete unit renovations.
Investor Terms:
Fixed return: 15% (for 50K) or 20% (for 100K)
Payments: Immediately on a monthly basis
Term: 12-36 months (no pre-payment penalty)
This opportunity is best suited for investors seeking high cash yield backed by real estate with a conservative overall loan-to-value.(current LTV is less than 40% )