Ambridge, PA
Single Family Home
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Acquisition Loan
Please note that this investment is now closed. Information below is for historical purposes only.
This private money loan was used to acquire and renovate a single family home located in Ambridge, PA.
Once the property was acquired and renovated, it was leased to a long-term tenant as part of Garnaco's rental property portfolio.
While this loan was originated with a term of 36 months, after16 months the lender experienced some family issues that required immediate cash.
After consulting with Garnaco on the available options, the loan was refinanced at a discount to the original balance to expedite the liquidation, and the original lender was repaid after 19 months.
Basic Investment Details
Investment
$50,000
Asset Type
Monthly Gross
$19
Monthly NET
Cap Rate
65%
Projected ROI
Investor Feedback
“This loan was one of two lending investments I made through Garnaco.
After about a year, my circumstances changed abruptly and I needed to cash in one of my investments.
Garnaco helped me to sell my note, and I received my payoff in July, 2023”
