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$4.6M - New 12-month Fix & Flip 1st RE Loans - 10 loans
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Jun 8, 2022 5:00 PM
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Debt For Sale - $4.6M - New 12-month Fix & Flip 1st RE Loans - 10 loans
Debt portfolio sales points
Non-Owner Occupied - Investment
Average 8% Interest Rate
LTC >90. LTV >75.
Experienced borrowers
First payment made
1-3 month interest reserve pre-funded by the borrower at closing for performance guarantee
License fee of 1% to be paid by the winner
Debt portfolio stats
Total debt:
$
4276651
Median debt:
$
192303
Average debt:
$
427665
Number of accounts:
10
Average charge off date:
Product type:
Opening price: $
3848980
Opening price (% of Total debt):
90
%
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What debts are we selling
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