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NEW
OFFERINGS
Call 505-275-2244
January 31, 2012
See
Definitions
Please note: You may
send your email address to us and we will
contact you when we have New Offerings.
rh@pmifunding.com
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NEW - Deal of the
Year
8207 Central, NW
- Albuquerque, NM
(Across from a Lowe's building site)
5 acres - zone SU-2
Property used
as a Gallery of Homes Mobile Home sales business and home
rentals.
Property includes sales office, 2- singlewide, 1- doublewide, 1-
metal commercial building (all rented for $2550 monthly.
All city utilities
$245,000 - $2450 monthly - 12% - 60
months..
$ 900,000 Conservative value (Realtors
want to list at $1.2 million)
27% LTV
Excellent pay history - 16 years on REC
Paying off REC with some cash-out to invest in the business.
Batch plant next door offered $850k for the property but
sellers declined.
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NEW -
909 Madeira, SE
- Albuquerque, NM
Single family home- fix and flip
3BD, 1 BA, approx 1200sf
$45,000 - 12% - 6
months..
$ 120,000 Value by comps
38% LTV
Approx $22,000 will be invested in repairs.
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NEW - Construction
208 San Clemente, NW
- Albuquerque, NM
6-plex apartment complex
Two- 3BD, 2BA units
Four- 2BD, 2BA units
$172,500 - 12% - 6
months... plus 2 discount points.
$ 495,000 Value by comps and cash-flows
$5500 monthly rents
35% LTV
Structure is framed in. Current costs paid by owner/builder.
See completed 6-plex next door to the west.
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