LTV 45%

15111 Merrill Ave Fontana, CA 92335

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Investment Summary

This single family residence is a 4 bedroom, 3 bathroom home that is 2,140 square feet and sits on a 71,002 square foot lot. This property will be subdivided into 2 parcels, one half will remain SFR, the other will convert into commercial. We will design plans for commercial building, and plan to sell houses on residential lot. 

Independent third party appraisal commissioned by Trinity Redevelopment shows an After Market Value of $1,000,000 and an Investment  $450,000 for Address. The LTV is 45% and is in line with the data we found during our due diligence process. The valuation report shows the residential market surrounding all underlying properties in this area of Fontana is neutral and supply outweighs demand, and the residential market surrounding all underlying properties in this area of San Bernardino County is stable and supply and demand are in balance. 

This property will be rehabbed from top to bottom. Including but not limited to: 1) new two-tone paint inside and out 2) new baseboards 3) new kitchen cabinets, granite, and backsplash 4) new flooring throughout with a combination of tile/wood and carpet 5) new bathroom remodel 6) new finishes 7) new doors 8) minor landscaping 9) *new windows 10) *new water heater 11) new light fixtures 12) all FHA safety and required repairs.

* May vary

$450,000 funded of $450,000