INV Ref – PRX3409

117 BOSTWICK RIDGE RD

Updated Progress

04/4/25
The latest update shows that the property is currently back on the market. It was previously under contract; however, the deal fell through today as the borrower did not qualify for the loan. A bit of a setback but nothing that slows things down for long. Interest remains high, and expectations are solid that it’ll be under contract again soon.

Take a look at the listing here:  https://s.paragonrels.com/goto/I8lcr81NWM0

The rehab is nearly wrapped up, with final staging and touch-ups set for tomorrow or Saturday. Everything is coming together beautifully, and the finish line is in sight. No pending permits or inspections stand in the way—just a few last details before the big moment. The property is all set to hit the market tomorrow, a major step toward the next phase. Photos will be shared soon to highlight the transformation. Exciting times ahead!

The property is 90% complete and will be ready for the market in about a week and a half. It will not be listed on MLS during this time, so photos cannot be provided at the moment.

The property rehab is progressing smoothly, with 75% completion expected by the end of this month, and the latest updates as of the 7th. Key milestones achieved include the completion of painting and HVAC installation, with flooring scheduled in the coming days. No issues or delays have been encountered, and the project remains on budget. The next significant step involves coordinating with the Association to proceed further. Photos of the property will be available and shared within the next couple of weeks upon request. Regarding the future of the property, plans are in place to list it on the market through real estate channels.

Listing Photos

SUPPORTING DOCUMENTS

SIGNED PRELIM TERM SHEET

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SIGNED OA

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RECORDED MEMORANDUM

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PROMISSORY NOTE

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PRELIM TERM SHEET

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PERSONAL GUARANTEE

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OPERATING AGREEMENT

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JV AND HHA

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DEAL ANALYSIS CALCULATOR

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EXPERIENCE WORKSHEET

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RENOVATION ARV

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SCOPE OF WORK

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SIGNED JV AND HHA

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SIGNED PROMISSORY NOTE

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SIGNED PERSONAL GUARANTEE

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SIGNED AMENDED OPERATING AGREEMENT

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APPROVED LOAN DETAILS

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