Deal Review
73 Princeton
This deal centered on resolving a distressed loan through a settlement payment with the borrower. On January 10, 2025, we purchased the property for $424,000 and worked closely with the borrower to negotiate a settlement, allowing them to reclaim ownership of the property. The agreement concluded with the sale of the property back to the borrower on January 11, 2025, for $454,000. This strategic and collaborative approach provided a swift and mutually beneficial resolution, showcasing an effective investment and loan settlement strategy.
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$424,000
Note Purchase Price - (1/10/24)
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$454,000
Note Sale Price - (1/11/25)
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7.08%
ROI
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2,582.55%
IRR
Property Photos
Single Family
This recently lightly renovated single-family home spans 1,639 square feet and features 5 bedrooms and 3.5 bathrooms. Located in a prime area, just a 1-minute walk from the Sephardic synagogue of Hewlett, the property is ideally positioned for convenience and community. Currently rented for $4,800 per month, this home offers a solid investment opportunity in a sought-after neighborhood, combining location and functionality to appeal to tenants and investors alike.
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