Our Properties – Property 01

305 W. AIR DEPOT, GADSDEN, AL.
112 Units

 

Royal Bank of Canada lent the borrower $2,858,500 on March 4, 2008. Strategic Holdings purchased the mortgage from Fannie Mae on June 17, 2013 for $1,916,250. The borrower deeded the property to Strategic Holdings in October 2013.  In March 2014 the property was appraised for $3,250,000.

 

DETAILS

Estimated Sales Price: $4,5000,000
Acquisition Price: – $ 1,916,250
Costs: -$275,000
Estimated Profit: $2,308,750