STATUS UPDATE

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•  Refinance
  • Date: 6/17/24
  • Amount: $588,700
  • Interest: 9.25% 
  • Term Length: December 2024
  • Lender: Private
  • Use of Funds:
    • Lender Payoff: $537K
    • Lender Fees: $8,700
    • Title Services: $6,027
    • Transfer Taxes: $16,455
    • Cash to Borrower: $10, 516 
  • Our use of refinance funds:
    • $10K to make payment to AE
    • Reserves
  • Future long-term finance
    • Same lender will take a PG
    • Local Credit Union
    • Q4 2024
  • Investor Preferred Returned Distribution

WEEKLY PROFIT AND LOSS SUMMARY

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MONTHLY PROFIT AND LOSS SUMMARY

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NEXT STEPS

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• Pursue refinance
• Fix Internet
• Increase NOI
• (Property is listed for sale and has an offer)

MCALLEN DAILY TRANSACTION AND OCCUPANCY RATE

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