Philadelphia SFR & Land NPL Pool
$623.64K UPB | Non-Performing Loans | Philadelphia, PA
Marketing description
Loan docs, BPOs and asset info is available for download on Xchange.Loans:
Deal Summary
The offering consists of two first-lien non-performing bridge loans secured by residential assets in Philadelphia, Pennsylvania. Both loans were originated for renovation and resale purposes. The Sly Home Investments loan is secured by a nearly completed duplex at 2338 North 19th Street, while the Van Pelt Investors Group loan is secured by a vacant parcel at 1857 North Van Pelt Street following demolition of the prior structure.
Opportunity
This sale presents investors with the opportunity to acquire two Philadelphia non-performing loans at a significant discount. The Sly Home duplex provides a near-complete residential asset suitable for completion and rental and/or resale, while the Van Pelt parcel offers a clean redevelopment site with minimal carry costs.
Investment highlights
Asset Name: Philadelphia SFR & Land NPL Pool
Address: Multiple Locations – Philadelphia, PA
Asset Status: Non-Performing Loans
Aggregate UPB: $623,646
Total Units: 2 Properties: 1 Duplex, 1 Land Parcel
Current Occupancy: Vacant
Estimated Collateral Value: Duplex BPO Value - $820k
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