Dallas is the third-largest city in Texas, better known as the Lone Star State, and is considered a modern metropolis located in the northern part of the state. Dallas is also the ninth-largest city in the US with a population of 1.3 million people. It’s broken up into specific neighborhoods known as Central Dallas, East Dallas, and South Dallas.

According to Real Wealth Network Dallas has become a very popular place to invest in buy and hold real estate, which is especially true for investors looking to purchase cash-flowing properties in a rapidly growing market. The median home value in the Dallas/Fort Worth area is about $242,900. According to Zillow home values have grown 5.6% over the past year and Zillow predicts they will rise another 2% over the next year. Another reason the market is healthy and growing is that the job market is growing as well. Department of Numbers reports there are close to 4M jobs available, and in June Dallas added 17,500 jobs according to the CES survey. CES employment records show that jobs are increasing monthly which is great news for the local economy.

Sharestates has been forging new relationships with borrowers in the Dallas metro area and recently funded a few noteworthy projects. Both properties showcased here are residential properties located in the Little Forest Hills neighborhood, which is about 4 miles east of downtown Dallas and has a median home value of $267,996. According to D Magazine, the eclectic mix of both people and houses is its hallmark, but it’s ready proximity to the many attractions of White Rock Lake makes this location hard to beat. For both properties, the borrower had previously acquired and has approved plans to convert the property into additional residential units and square footage. Rehab will consist of new electrical, custom windows & doors, new plumbing, flooring, appliances, carpeting and more. The borrower intends to complete the build-out and either sell at completion/stabilization or refinance into a conventional loan.

 

  • Loan Amount: $401,000
  • Loan Type: Purchase
  • Property Type: Residential
  • Rehab Budget: $421,621 
  • LTV: 50%
  • LTC: 65%
  • ARV: 65%

  • Loan Amount: $364,000
  • Loan Type: Purchase
  • Property Type: Residential
  • Rehab Budget: $322,220
  • LTV: 50%
  • LTC: 70%
  • ARV: 65%

 

For more information on properties we have funded or for more information about our loan programs click below.

Charlotte, North Carolina has culture, food, entertainment, and is considered to have some of the friendliest people in the country. In 2018 there was a population of 2,569,213 and was ranked 23rd in the U.S. most populated cities. Charlotte is the home of the Nascar Hall of Fame, Charlotte Motor Speedway, and the 7th Street Public Market which is a market full of home-grown produce. According to US News  at this indoor marketplace, you’ll find a selection of local produce, wines, flowers, and sweet and/or savory treats. Among the vendors selling their local goods is one of the city’s favorite pizza joint, Pure Pizza, known for using ingredients sold right in the market. Also if you stop by in the morning, instead of your usual Starbucks coffee trade it in for the freshly brewed coffee available at Not Just Coffee. Charlotte is also known as a millennial hub, meaning a lot of young people and young families are moving there due to the lower cost of living and a strong job market.

But let’s talk about Charlotte’s real estate trends. According to Zillow, the median home value will rise by 6.1% over the next 12 months which leads us into 2020. Right now the median home value is about $226,000 which is average for the U.S. There has always been a large correlation between job opportunities and booming housing markets. When a city sees that their unemployment rate dropping they also see a drop in housing inventory. Charlotte is a major banking and financial hub. It’s the corporate headquarters for Bank of America and U.S. Trust but also headquarters for companies like Lowes, Family Dollar, and Hanes Brands. This market has seen its unemployment rate drop to 3.4% according to Home Buying Institute, which is a huge difference from the peak in 2010 during the recession when it was 12.9%. This is a big reason a lot of people are looking to Charlotte as their new home base. 

Since Charlotte is a market that is on the real estate rise, Sharestates has taken a big interest there. We recently funded a blanket loan with 10 separate townhomes in the Wessex Square neighborhood in South Charlotte. Wessex Square is in Mecklenburg County and is one of the best places to live in North Carolina. The borrower previously acquired the property as land and then constructed residential townhomes that are now complete and listed for sale by unit. Two loans were taken to fund this property totaling $5,090,000.

  • First loan – 
  • Loan Amount: $2,670,000
  • Loan Type: Refinance 
  • Property Type: Residential 
  • LTV: 70%

 

  • Second Loan –
  • Loan Amount: $2,420,000
  • Loan Type: Refinance
  • Property Type: Residential 
  • LTV: 71%

For more information on loans Sharestates has funded or for more information about our loan programs click below.

Did you know that a Cleveland DJ by the name of Alan Freed was the first person to coin the term rock and roll? It should come as no surprise then that this city, located on the southern shore of Lake Erie, about 60 miles west of the Pennsylvania border, is the home to the famous Rock & Roll Hall of Fame. It’s also home to the world-renowned Cleveland Clinic and Cleveland Orchestra. But it’s Cleveland’s real estate market that is just as interesting as its famous institutions which has our attention.

According to Norada Real Estate in 2018, a forecast for the Cleveland, Ohio housing market suggested that home-price appreciation could begin to slow down, following a year of double-digit gains. Home prices in Cleveland rose steadily and significantly during 2017, and they were expected to continue trending north for the foreseeable future. According to Realtor.com the median list price of homes in Cleveland, OH was $124.9K, trending up 8.6% year-over-year. Downtown Cleveland has also experienced a surge in real estate development over the past 10 years, with an estimated $19 billion in development completed or planned since 2010.

Sharestates made a commitment to funding loans in Cleveland and we have been aggressively forging new relationships there. Here are a  few properties that we’ve funded there to date.

This first property is located in a neighborhood called Ohio City. Ohio City is a trendy area with loads of high-end cocktail bars and beer gardens. Though Ohio City is one of the oldest neighborhoods in Cleveland it has some of the most fashionable and chic bistros, shops, and galleries. This neighborhood has a very urban feel made up of young families and your professionals. The property is a multi-family building with 8 units. The borrower previously acquired the property and will begin rehabilitation. The borrower intends to complete the rehab plans and stabilize the investment. Rehab includes demolition and installation of new kitchens, new plumbing/electrically, new insulation, drywall, and more.

  • Loan Amount: $530,000
  • Rehab Budget: $532,000
  • Property Type: Multi-Family
  • Loan Type: Refinance
  • ARV: 67%
  • LTV: 70%

The next property is located in Downtown Cleveland which is known for Q Arena – Home of the Cleveland Cavaliers, Progressive Field – Home of the Cleveland Indians and The Rock and Roll Hall of Fame, which is home to countless famous instruments played by famous bands and musicians. This property is a mixed-use building with 21 residential & 2 commercial units. The property will be leased out after conversion is complete. Rehab will include demolition, new windows, new kitchens in all units, new bathrooms in all units, plumbing/electrical work and a new HVAC system.

 

 

 

 

  • Loan Amount: $788,000
  • Rehab Budget: $155,610
  • Property Type: Mixed-Use
  • Loan Type: Purchase
  • LTV: 75%
  • ARV: 56%
  • LTC: 80%

The final property is located in a neighborhood called Kamm’s Corners. This neighborhood is located on the west side of Cleveland along the Rocky River. This neighborhood is very family friendly with a suburban feel. Kamm’s Corner, also known as West Park, is full of authentic Irish pubs, hobby shops, and seasonal farmer’s markets. The property is a four-story multi-family apartment building featuring 28 residential units. The borrower is acquiring this property with intentions of adding value by rehabilitation. Rehab will consist of cosmetic updates to all units and plumbing/electrical will be updated. When rehab is complete, the units will be leased out to new tenants.

  • Loan Amount: $845,000
  • Rehab Fund: $166,500
  • Property Type: Multi-Family
  • Loan Type: Purchase
  • LTV: 75%
  • ARV: 66%
  • LTC: 72%

 

For more information on loans Sharestates has funded or for more information about our loan programs click below.

Detroit is a city that goes by many different names: Motor City and Motown just to name a few. Detroit is one of those cities that has a little bit for everyone. There are the obvious car buffs but there also are some art museums, great music venues, lots of history, great sports teams, and of course nightlife. Detroit is also a major port located on the Detroit River and is the second largest regional economy in the midwest behind Chicago.

The real estate market is interesting as well. According to Fortune Builders, Detroit may serve as a testament to the strength of the United States economy. No more than a year ago, Detroit represented a city in decline for the better part of a half a century. However, having made significant improvements over the course of a year, Detroit is positioned to make a remarkable economic resurgence.

For Sharestates Detroit is a market we also see some great potential and are working to forge relationships with borrowers to help build the city back up. One property we funded is located in a neighborhood called Poletown East. The name came from immigrants who originally lived there. Poletown is sometimes used inclusively as slang for Hamtramck, Michigan, probably due to Hamtramck’s strong identification with Polish-Americans. The property is a multifamily property with 24 units. The borrower previously acquired the subject property and is refinancing to obtain construction financing to begin build-out. The borrower intends to complete the build-out and either sell at completion/stabilization or refinance into a conventional loan. Rehab on this property will include demolition, roofing, flooring, new HVAC system, all new plumbing/electrical, new installation of elevators, drywall and much more.

Loan Amount: $2,344,000

Rehab Budget: $2,753,457

LTV: 75%

ARV: 59%

Another property Sharestates recently funded is located in the East Grand Boulevard Historic District. This area includes a few moderate-sized apartment buildings and numerous large homes. During the late 19th century, creating wide, graceful streets was seen as a way to create a beautiful city and this area adopted that feel. Living in this area was considered prestigious at that time. East Grand Boulevard is a thoroughfare in Detroit, running east to west in some parts and north to south in others. The property is a residential multifamily property with 2 units. The borrower previously acquired the subject property and will begin rehab. The borrower intends to complete the rehab plans and market the property for sale. Rehab will consist of cabinetry, drywall, heating/cooling, plumbing/electrical, new hardwood floors, bathroom tiles/shower doors, and new rear porch to name a few.

Loan Amount: $417,000

Rehab Budget: $200,900

LTV: 75%

ARV: 70%

 

To learn more about Sharestates or to apply for a loan to fund your next real estate project click below.

Isabel Marant said it best, “In Los Angeles, you can have the city life but feel like you’re on vacation at the same time”. When I lived in LA I would drive by the beach on my way to work and think to myself, this is paradise. You can stand on the beach in Santa Monica while looking at the snow on the mountain tops in the distance. LA is the most populated city in California and the second most populated city in the country after New York City. LA has so many landmarks that people come from all over to visit: the Hollywood sign, The Capitol Records Building, Grauman’s Chinese Theatre, Griffith Observatory, Hollywood Boulevard, and so many more. LA is also known as the entertainment capital of the world and a place that is known to the world is the Hollywood Walk of Fame where a reported 10 million tourists visit each year.

But let’s talk about the real estate market in LA. As a private lender, LA is a market that gets us very excited. The California housing market is one of the hottest and most profitable in the United States and the Los Angeles housing market is considered to be one of the premier housing markets for investors. While Los Angeles home prices may be increasing slightly over the next year or so, the fact remains that there are many homes available at fair prices. According to LA.cubed.com typical home prices in LA are about 8 times higher than the median income. According to Zillow.com, the median home value is $687,700 which has gone up 2.7% over the past year.

Since LA is such a hot market for real estate, Sharestates has taken a big interest in forming relationships there. Here are a few projects that we have recently funded.

This first property is located in Encino, California. Encino is a neighborhood that is located in the San Fernando Valley region of LA. The median household income is $78,529 and the average household size is 2.3 people. The neighborhood is filled with quiet blocks and big homes but also has apartment building clusters here and there. Encino is considered to be an upper-middle-class historic neighborhood. Residents love its small-town feel with amenities within walking distance. This property is a residential property where the borrower acquired funds for renovations, such as replacing the cabinets in kitchen and bathroom, relocation of all plumbing/gas fixtures, and updates to the existing structure.

Loan Amount: $1,950,000

Loan Type: Refinance

Property Type: Residential

 

The second property is located in Central LA, close to Hollywood. There are so many great advantages to living in this area. From walking through Hollywood to a short drive to Dodgers Stadium for some baseball to heading to The Grove for the afternoon to get some shopping done. The list of things to do is endless. This property is an 8 unit multi-family property that the borrower acquired with the intention of adding value through renovations. This large project includes adding two additional units making a total of ten units. New stainless steel appliances will be added, all new paint, new bathrooms, central air conditioning, and each unit will receive a washer/dryer.  

Loan Amount: $1,463,000

Loan Type: Purchase

Rehab Fund: $218,285

 

 

The last property showcased here today is a residential property located in the neighborhood of Westchester. This neighborhood is close to the beach towns such as Santa Monica and Venice beach on one side of LAX (Los Angeles International Airport) and Manhattan Beach and Hermosa Beach on the other side. This home is only about 2 miles from LAX. The borrower acquired this property as a “Fix & Flip”.  Rehab will consist of a complete overhaul of the property starting with the foundation all the way to new plumbing, a new HVAC system, new appliances, new roofing, adding in a gas fireplace, windows, flooring, tile, and hardware like cabinets and doors.

Loan Amount: $920,000

Loan Type: Purchase

Rehab Funds: $609,450

 

 

 

 

 

 

To see more of Sharestates recently funded projects or find out how to get funding for your next real estate project click below.

When someone mentions The Bronx they usually think of Yankee Stadium, the Bronx Zoo or the Botanical Gardens because they are all popular tourist destinations. When it comes to real estate opportunities, this borough has had a much lower profile than its famous neighboring borough, Manhattan. Since the late 1980’s, however, there has been a significant amount of development which was first brought on by the city’s “Ten-Year Housing Plan”. In 2006, The New York Times reported that “construction cranes have become the borough’s new visual metaphor, replacing the window decals of the 1980s in which pictures of potted plants and drawn curtains were placed in the windows of abandoned buildings. In addition, there is a revitalization of the existing housing market in areas such as Hunts Point, the Lower Concourse, and the neighborhoods surrounding the Third Avenue Bridge as people have been buying apartments and renovating them. There are also several boutique and chain hotels that have opened in recent years.

According to some reports, several Bronx neighborhoods saw double-digit price increases in 2017. Some of those who have been priced out of Manhattan and Brooklyn have increasingly looked for homes in The Bronx due to the easy accessibility to Manhattan. According to Property Shark the elevated housing demand in the neighborhoods around the boulevard pushed the median home sale price to increase 68% in just 5 years—from 2014 to 2018. The housing market near the Grand Concourse has surged in the past 5 years, including neighborhoods such as Mott Haven and Bedford Park. Concourse Village has an authentic NYC feel to it, with plenty of bars, restaurants, coffee shops, and parks. The crime rate has dropped over the years, and public schools in the neighborhood have an above-average rating.

Sharestates has been busy funding loans in The Bronx and formed many great relationships there. One such recently funded property was a multifamily building located in the South Bronx neighborhood Mott Haven. Mott Haven is primarily a residential neighborhood that has been undergoing a gradual reinvention, with restaurants opening and people coming in and rehabilitating buildings and/or building new ones. The borrower is planning on doing rehab work to add value. Rehab includes a complete overhaul including but not limited to new structural work, new HVAC system, all new electrical systems, iron & steel work, all new drywall, and new plumbing. When rehab is complete the property and or units will be leased out to tenants.

  • Loan Amount – $3,235,000
  • Rehab Budget – $2,250,000
  • Loan Type – Purchase
  • Purchase Price – $2,100,000

Another recently funded property was a multifamily property located in the Wakefield section of the Bronx. Wakefield is a middle-class section of the northern part of the borough and borders Westchester County to the north. Though Wakefield is about an hour commute via public transportation, it has a bit of a suburban feel to it which is attractive to its residents. The borrower has approved plans to convert the property into additional residential units and add square footage. With plans to rehabilitate this property, there will be a new plumbing system put in, electrical, windows, and repairs on elevators and much more. The borrower plans on selling the property once the project is complete.

  • Loan amount – $4,945,000
  • Rehab Budget – $2,510,000
  • Loan Type – Refinance

The last recently funded project we’ll highlight was a residential property located in the East Tremont neighborhood of the Bronx. East Tremont is in the western part of the borough and is also a very urban neighborhood made up of mostly apartment complexes and high rise apartment buildings. Commuting to midtown Manhattan can be done by way of the subway or Metro-North railroad. The borrower plans on doing rehab work to increase the value of the property and then stabilize the investment.

  • Loan Amount – $542,000
  • Property Type – Residential
  • Loan Type – Refinance

 

To see more loans that Sharestates has funded in the Bronx or inquire about funding your next loan click below.

With big-name development projects hogging the spotlight, the wave of small development projects sweeping across the U.S. has largely gone unnoticed. “Fix-and-flip” properties make up almost 6% of national residential sales, according to Attom Data. In certain markets, flippers account for a third of all residential units sold.

Despite the growing popularity of flipping residential and multifamily properties, the hard-money lending that flippers rely on to finance their purchases has remained stubbornly archaic. But a few operators are now offering new ways to finance the small projects that are becoming the norm.

“Fixing and flipping properties has been a great business model for years, but hard-money lenders have kept the industry from really taking off,” said Michael Ramin, director of business development at Sharestates, a real estate crowdfunding platform that has financed thousands of small development projects. “Now that they have other financing options, flippers can scale their businesses beyond just a few properties and grow it into a real practice.”

Chicago, like every other major city in America, has its good attributes and bad ones. Your experience living in Chicago has a lot to do with where you live. From Uptown to Hyde Park, East Garfield to the Loop, each of the metro area’s 77 official community areas brings its own unique personality. Since Chicago is located in the midwest, most residents ooze friendliness. Though, once the winter months appear, all bets are off. U.S. News analyzed 125 metro areas in the US and Chicago was ranked #87 for best places to live and #39 for best places to retire too.

The cost of living in Chicago varies greatly from neighborhood to neighborhood. The average cost of a home in Chicago is $222,350, but in certain areas, houses can cost upwards of $1M and more. Another obvious conversation about whether or not to live in Chicago is the weather. Summers can be extremely hot while winters can be unbearably cold, but public transportation is a major perk to living in the Windy City. Many Chicagoans opt-out of owning their own vehicles due to traffic and lack of parking, but there is a robust public transportation infrastructure to support them.

Sharestates has funded many properties in Chicago. One such property is located in the neighborhood of Kenwood. Kenwood is on the shore of Lake Michigan and on the South Side of the city. This neighborhood has some of the largest single family homes in all of Chicago and is the home of President Barack Obama and some other famous people in American history, including Muhammad Ali. Kenwood was once considered the most affluent neighborhood in all of Chicago.

The borrower for this property is acquiring the building with the intention of adding value through rehab. Rehab for this property consists of new drywall, new inside plumbing and electrical, all new kitchens with new appliances and a new HVAC system. When the rehab is complete, the property will be leased out to tenants.

  • Loan Amount: $597,000
  • Purchase Price: $465,000
  • Multi-Family
  • LTV: 50%
  • LTC: 73%
  • Average renovation budget: $349,550
  • ARV: 60% or $1,000,000

The second property is located in the neighborhood of Auburn Gresham more commonly referred to as “Gresham”. This area is about 9 miles south of downtown Chicago. This area is called the “Bungalow Belt’ due to the streets lined with hundreds of arts and crafts inspired brick homes throughout the residential area. These row houses are unique and beautiful. Gresham is also known for the finest “soul food” in the city that people come from all over to try.  

The borrower for this property previously acquired and renovated the building. The borrower intends to refinance the property, in order to pull out equity and pursue new real estate opportunities. The borrower will rent the property and obtain traditional financing to repay the loan.

  • Loan Amount: $390,000
  • Purchase Price: $312,000
  • Mixed Use
  • LTV: 74%
  • LTC: 76%
  • ARV: 50% or $785,000

The last property we’re showcasing is located in the Bedford Park area of Chicago. With a population of less than 700, the neighborhood is primarily a tiny residential area with large amounts of heavy industry. Bedford Park only covers about 6 square miles with a median household income of about $64,000. The median property value is about $168,000. The average age is in the high 30’s, and most people own their own homes.

The borrower for this property previously acquired the building and is refinancing to obtain construction funds to begin the build-out. The borrower is planning on updating the heating system, add new appliances, windows, wood flooring, and painting. The borrower intends to complete the build-out and either sell at completion or refinance into a conventional loan.

 

  • Loan Amount: $330,000
  • Purchase Price: $465,000
  • Multi-FamilyLTV: 63%
  • Average renovation budget: $111,300
  • ARV: 65% or $510,000

 

 

To see some more of Sharestates recently funded properties in Chicago or other parts on the U.S. or to learn about our loan programs to get funding for your next real estate project please click below.

What can I say about Brooklyn, NY? It’s one of my favorite places. It is the most populated borough of NYC with an estimated 2.7 million residents as of 2017 and one of the most diverse as well. Bordering Queens and Long Island NY, there is easy access to Manhattan commuters through bridges and tunnels by bus, rail or fixed gear bicycle. Brooklyn has a long and storied history, but as of the 21st century, it’s the preferred destination for young professionals looking to make their mark on this rapidly transforming borough. With all of these new arrivals choosing to live in Brooklyn as a lifestyle choice as opposed to settling on Brooklyn out of the need to save money, there have been dramatic price increases in real estate throughout the borough.

Brooklyn is well known for all the different ethnic communities that have settled there over time. There are many different ethnic enclaves of Brooklyn including Jewish, Chinese, Latin, African, Caribbean, Italian, and Russian/Ukrainian just to name a few. These close-knit communities are one of the reasons Brooklyn is such a unique place and is sought after by many looking for diversity in culture and, most importantly, restaurant options.

Brooklyn is also becoming a place where tech companies and entertainment companies are quickly moving to get out of the high rent areas of Manhattan. The job market in Brooklyn has grown exponentially in recent years, causing more people to consider the move out of Manhattan for better work-life balance.

Sharestates has formed some fantastic relationships with builders and brokers in Brooklyn and has funded a ton of real estate projects. From ground-up construction projects to multi-family buildings and fix & flip renovations projects, Sharestates has helped Brooklyn developers reach heights.

Here are only a few of our recently funded properties in Kings County:

This first property is located in the Sunset Park section of Brooklyn. Sunset Park is made up of more than 120,000 residents from many different ethnic backgrounds. It is divided into 2 neighborhoods, Sunset Park West and Sunset Park East. The property will feature one Community Facility unit on the first floor, two one-bedroom units on the second, third and fourth floors, and two 2- bedroom duplex units on the fifth and penthouse levels.

  • Loan Amount: $3,500,000
  • Mixed use
  • LTV: 62%
  • Average renovation budget: $400,000
  • ARV: 58% or $4,975,000

The next property is located in the Bushwick neighborhood of Brooklyn. Bushwick is located on the north side of the borough with accessibility to Manhattan via subway and/or bus. Since the early 2000’s real estate prices have increased in Manhattan making the further reaches of Brooklyn, including Bushwick, more attractive to young people moving to the city.  At the time of this loan, the building was vacant but plans will consist of an 8 unit multi-family building.

  • Loan Amount: $2,950,000
  • Purchase Price: $3,300,000
  • Multi-Family
  • LTV: 75%
  • LTC: 74%
  • Average renovation budget: $665,000
  • ARV: 72% or $4,100,000

The next property is located in the Bedford Stuyvesant community of Brooklyn. This community borders the very popular section of Williamsburg and Bushwick. Bed Stuy as it is referred to is made up of streets with historic brownstones that Brooklyn is famous for. This property consists of a vacant four-story, six-unit, multi-family dwelling built in 1931 that is currently in the process of being gut renovated.

  • Loan Amount: $2,040,000
  • Purchase Price: $1,800,000
  • Multi-Family
  • LTV: 80%
  • LTC: 74%
  • Average renovation budget: $951,400
  • ARV: 56% or $3,625,000

The final property showcased in this article is located in Crown Heights. Crown Heights is a centrally located neighborhood of Brooklyn that has access to the 2,3,4, and 5 subway lines, making the commute to Manhattan very convenient and quick. This property is currently vacant and is a 4 story, a mix-use building that was built in 1910. The property will undergo a major gut renovation and be converted into an 8 unit residential building.

  • Loan Amount: $2,125,000
  • Multi-Family
  • LTV: 72%
  • ARV: 64% or $3,300,000

 

For more information about other properties, Sharestates has funded or to submit your upcoming projects to get funding click below.

According to the Texas A&M Real Estate Center, the Texas housing market decelerated in 2018 with total sales rising only 1.7%. Sustained growth in the national and state economies supported housing demand, but low listings inventories and waning affordability continued to be affected. Builders ramped up construction activity, but supply constraints persisted for homes priced less than $300,000. Home prices were largely unaffected by the 2008 crash, according to Forbes, and have been climbing up about 10% per year since then.  Although the market isn’t yet seriously overpriced, it’s on the way. Prices are expected to keep rising for several years.

Sharestates has been active in the Texas real estate market and has funded some impressive projects there recently.  One such property that Sharestates recently funded was in an area called River Oaks, in Houston. This area is located between Downtown and Uptown Houston and was once considered one of the most expensive neighborhoods in Houston with real estate values ranging between $1 million to over $20 million. The neighborhood is surrounded by beautiful parks, culture and a great school district.

  • Loan Amount: $2,660,000
  • Purchase Price: $3,000,000
  • Residential
  • LTV: 77%
  • LTC: 79%
  • Average renovation budget: $370,000
  • ARV: 65% or $4,110,000

Another property that Sharestates recently funded was in West Columbia in Brazoria County. This is a small town located about an hour drive from Houston and also about an hour drive from the beaches of the Gulf of Mexico. There are only about 4,200 people who live in the city, with a median income of  $38,090.

  • Loan Amount: $1,650,000
  • Purchase Price: $2,200,000
  • Multi-Family
  • LTV: 72%
  • LTC: 75%

 

 

For more information about other properties, Sharestates has funded or to submit your upcoming projects to get funding click below.