Property Type |
Brick Bungalow |
Property Value (post renovations)
|
$265,000 per Appraisal
$280,000 Sold |
Property Acquisition
Construction Budget
|
$122, 500
$74,500 |
Borrower Equity/Capital Structure
|
20%/80% |
Loan Amount
|
$157,600 |
LTV
|
59% |
Economics
|
Interest Rate : 10.6%
Points: 3.8 |
Total Interest/Points Income for Loan |
Interest: $10,549
Points: $5,984 |
Investor Rate of Return
Medford Manager Rate of Return
Total Fund Rate of Return |
9.87%
7.68%
17.55% |
|