Property is a REO acquisition.
Borrowers are experienced real estate investors.
Property is a 4/2 with 1,431 sqft on a 8,625 lot.
Borrowers will fully remodel home with own funds and market property for sale or lease.
Borrowers own Camel Builders LLC, a real estate investment firm.
Purchase price $200,000
Loan amount $130,000
appraisal $205,000 as-is
10.25% gross / 9.25% net to investor