Deal Review
645 Vermont
645 Vermont centered on resolving a distressed loan through strategic negotiation. We purchased the contract from the lender and worked closely with the borrower to settle a purchase-back agreement, allowing the borrower to reclaim the property while paying off and satisfying their loan. This collaborative approach facilitated a successful resolution, culminating in the sale of the property on January 6, 2025, for $825,000, reflecting a mutually beneficial outcome and effective investment strategy.
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$611,000
Note Purchase Price - (12/20/24)
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$825,000
Note Sale Price - (1/06/25)
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35.02%
ROI
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63,001.29%
IRR
Property Photos
Gut Renovated
This fully gut-renovated 5-family free market property spans 4,344 square feet and features three 5-bedroom units and two 3-bedroom units. With only $50,000 of work remaining, this building offers modern, spacious layouts, catering to renters seeking larger units and presenting an excellent investment opportunity for unrestricted rental income. The section 8 budget for this property was upwards of $20k / month.
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