LOAN SUMMARY | 2216 TELHURST STREET SOUTHWEST 2216 Telhurst Street Southwest, Atlanta, GA 30310
The borrower has advised that the property is still under contract with a financing contingency. The buyer has completed their due diligence; however, closing has been extended to late February.
The borrower has advised that the property is back under contract with a scheduled closing date of February 12, 2018. Please note that closing dates are subject to change.
The borrower has advised that one of the other tenants has been evicted, and the last tenant eviction was delayed due to the hurricanes. The court has ordered the Writ of Possession to the borrower, and he is currently awaiting for the Marshall to evict the last remaining tenant. Please note that the renovations have begun on one of the units. The painting and window replacement will be occurring over the next few weeks.
The borrower has advised that one of the tenants has been evicted, and the other two go to court next week for the eviction proceedings. The borrower intends to begin the interior renovations by the end of the month.
After Repair Value (ARV)
Total Project Costs
First Lien Loan
As Complete (ARV)
Certified Independent Appraisal
Broker's Price Opinion
Borrower Provided Appraisal
Borrower Provided Comps