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01-13-2016, 03:18 PM #1
- Join Date
- Dec 2014
- Location
- NYC/Florida
- Posts
- 86
Needs 50-15k, Has Real Esate in Deal Bin
Synopsis of File: Real Estate investment Merchant seeks 200k. However would like 50-60k immediately. Has two bank accounts that have about 3-7 deposits every month about 5k-25k a month from each account. Has two properties as well to use as collateral.
Property 1: property in Vista CA. The property is Valued in the range of $850,000.00 and approximately $560,000.00 is owed. Vista CA. 6 bed 4 bath 3188 sq ft year built 1970 lot size .64 acres property has detached granny unit (Bedroom, Bathroom, kitchen,living room) permitted.
Property 2: temecula property Value is safely at $485,000.00 and there was a recent BPO confirming that value. He is giving thought to closing in one of the rooms to make it a 4 bedroom property which would increase the value to about $520,000...at a cost of about $2,000.00 He currently owe about $325,000.00. Temecula CA
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