Eagle Nest Condominiums
11 Condominiums were acquired for $600,000 with a 66% Loan-To-Value with seller financing at 6.25% (interest only loan). Loan was paid off within 30 months of original contract. We sold one of the grouping of properties due to not performing as originally expected. The sale of this asset gave enough cash on hand to purchase flip property with an expected ROI of 17.1%.