Sunridge APARTMENTS

4333 N. 27th Avenue, Phoenix, AZ
96 UNITS

BMC Capital, LLP lent the borrower $3,460,000 on April 20, 2007. Strategic Holdings purchased the mortgage from Fannie Mae on June 12, 2013 for $1,527,750. Strategic Holdings paid an additional $160,902 for bankruptcy relief and other expenses. A trustee sale was held on August 26, 2013 and an investor paid $2,464,750 for the property. Return on investment was 45% in only 73 days.

DETAILS

Sales Price: $2,464,750
Acquisition Price: -$1,527,750
Costs: -$160,902
Profit: $776,098

ADDITIONAL DETAILS