VALUE ADD
Recently funded transations by Pelorus Equity Group
Valley View
Original purchase price $643,000
Cost of Repairs $262,000
Sold for $1,350,000

(Valley View Rd., Oakland, CA, Scenario: Acquisition and Rehab, Oakland, CA, Loan amount: $850k @ 9%, Completed Value: $1.387M, LTV: 61%, Resale: $1.35M 6/2017)

Welton
Original purchase price $643,000
Cost of Repairs $1,926,000
Sold for $3,800,000

(Welton St., Denver, CO, Scenario: Construction Refi, Loan amount: $1.51M @ 12%, Completed Value: $3.23M, LTV:47,

Resale: $3.8M 4/2017)

Carleton
Original purchase price $550,000
Cost of Repairs $1,200,000
Sold for $3,500,000

(Borrower acquired the home for $550k and developed the plans for 3 condos, the first condo sold for $1.575M.)

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