Hello, my name is Matt Burrow. I am a seasoned real estate investor here in the Phoenix, AZ area that is currently buying bank-owned multifamily properties at deep discounts to the market. This private lending opportunity consists of a 12% annualized interest rate loan that will be placed on the property at the time of purchase.
Loan highlights are as follows:
- First Position Loan
- Secured by Note & Deed of Trust.
- 12% interest rate - monthly or quarterly interest payments.
- Loan created by Escrow Agent - all properties are purchased with title insurance.
- Lender is named as beneficiatry on Hazard Insurance.
- Loan is made on deeply discounted properties purchased at 60-70% of current market value.
- 70% LTV loan value.
- Loan term of 12 months to 7 years.
Example:
Property Value: $150,000
Purchase Price: $100,000
Loan Amount: $70,000
Please contact Matt Burrow of Arizona Investor Source, LLC at 623-330-4270 or at matt_burrow1@yahoo.com for further information and investment opportunities.
Equity investment partner opportunities are also available. 12 month to 7 year holds, with annualized returns of 15-30%.
