Earn 18% Interest Per Year!
50% LTV (Commercial Evaluation)
Invest $270,000.00 (Fees Included) TODAY,
and you will earn $4,050.00 per month.
That is $48,600.00 per year.
This is a 36-month term loan.
That’s $145,800.00 for the term of the loan!
Property Loan Details
Amount Requested: $270,000.00 US dollars (Fees Included)
LTV Ratio: ~50% (Commercial Evaluation)
Term Desired: 3 years
Construction area: 515 m2
Land Area: 307 m2
Property Location and Description:
First, this property is located in one of the most sought after rental areas in Heredia.
It is a brand new apartment complex with (7) apartments and (1) commercial store. The apartments complex is setup in the following manner:
- (2) 3 bedroom apartments
- (1) 2 bedroom apartment
- (4) 1 bedroom apartments
The complex is made of good construction materials and there is ample parking.
As stated before, this property is located in the prime rental area of Heredia. It is walking distance to shopping, bars, restaurants and a mini-market can be found on every corner. It is also close to the universities and city hall, this really is a prime location! (see Google Map for reference).
The borrowers (a husband and wife) need approximately $35,000.00 for each of the apartments completion. The borrowers have a combined traditional income of $6000.00 per month.
Their goal is to rent the apartment complex units for approximately two years and then go to a traditional bank with the (rental income and rental agreements) and obtain a traditional bank loan.
This is another great loan opportunity for 2020!
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