Canterbury Fix-n-Flip

Great fix and flip project in the Madison Park neighborhood of Seattle, WA.

Investment Yield: 6.00%
Maturity Date: 3/01/2022

Invest Now

Project Overview

Equity Multiplier

6.00%

Investment Yield

target IRR

85%

Loan-to-Cost

Minimum Investment

$50,000

Minimum Investment

Investment Terms

03/01/2022

Maturity Date

Minimum Investment

$2,242,000

Loan Amount

Total Sqft

3,165,000

As Completed Value

Total Sqft

0%

Percent Complete

Residential Units

SFR

Home Development

Amazing Location

This house is located in the Madison Park neighborhood. Madison Park is arguably the most desirable neighborhood in Seattle, with its boutique shops, picturesque views, and proximity to the lake. Everyone who comes to the area immediately feels the draw. Seattle and the 520 Bridge make this an ideal location to call home for eastside professionals commuting to downtown. In addition, the Arboretum, Broadmoor Country Club, the University of Washington, the Seattle Tennis Club, and the Seattle Yacht Club are all close by and offer some of Seattle’s preferred experiences.

The more specific area is highly sought after, offering unique homes on large lots. The home values in the area continue to rise and many economists have indicated that this trend is going to continue for some time to come. Demand for a home of this caliber is extremely high, its size is not often matched in the area and the layout will draw a wide range of potential buyers. In addition, the natural privacy and street appeal will make this home a jewel in the area.

Project

The plan is for this project to be completed and listed for sale in approximately four months. The project will include exterior improvements to the siding, windows, roofing, and landscaping. There will also be extensive interior improvements including wall removal, new flooring, appliances, updated bathrooms, and a new HVAC system. The builder has a solid track record and has shown the ability to execute quickly and efficiently.

FAQ’s

How do I invest in a Trueline Direct opportunity?

Please fill out the form, send us an email at [email protected], or call us at (800) 292-6561 to learn more about the investment opportunity with Trueline Direct.

Once we have received the desired investment amount and entity information, one our team members will follow up with additional participation information

What information is provided in support of an investment analysis prior to committing funds?

After the accreditation verification and NDA are complete, you will receive an invitation to a deal room specific to the projects that you are interested in investing in.

Do Trueline Direct investments provide a monthly distribution

Yes, returns are distributed monthly via ACH or Check.

Is my investment money returned at loan maturity?

Most of the time, yes, but it is loan dependent. There are times when a project goes longer than expected and an extension of the loan terms are required to fulfill the loan commitment to the borrower.

Do the extension fees get shared with the participant?

Yes, the extension fees paid by the borrower are shared with the participant’s based on their percentage of ownership in the loan.