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$9.9M - New 12-month Fix & Flip 1st RE Loans - 32 loans
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Jul 8, 2022 5:00 PM
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Debt For Sale - $9.9M - New 12-month Fix & Flip 1st RE Loans - 32 loans
Debt portfolio sales points
Non-Owner Occupied - Investment
Average 8% Interest Rate
License fee of 1% to be paid by the winner
LTC <90. LTV <75.
Experienced borrowers
First payment made
1-3 month interest reserve pre-funded by the borrower at closing for performance guarantee
Debt portfolio stats
Total debt:
$
9955569
Median debt:
$
230700
Average debt:
$
311112
Number of accounts:
32
Average charge off date:
Product type:
Opening price: $
6471170
Opening price (% of Total debt):
65
%
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