Invest In

141-145 Lake St Lancaster, OH 43130

Loan Amount: $200k First Lien
BPO: $220k
Collateral: $275k
Exit Plan: Rent and Refinance
Loan Maturity: 3/31/26
Interest: 10% APY $10k & over 8% under $10k
Amount Available: $200k

1141-145 Lake St consists of 3 units on one property. The house you see here and two more units in the backyard. The loan amount is $200k and the after repair value, according to BPO, is $220k. VCS holds first lien position on this property. Since the LTV is so high VCS also holds a lien on a second property with $75k in equity. 720 W Hubbard St, Lancaster, OH 43130. The borrowers have over a 700 credit score and have completed over 5 projects in the last year. Their plan is to rehab, rent and refinance. They have a long standing relationship with the members of VCS.

$200,000 is available for investment on this note. You can purchase all or part of it. A minimum of $5k is accepted.