INV Ref – PRX6601 – Suncrest Capital Group

918 CRESTWOOD DRIVE

Updated Progress

03/17/25

The rehab is officially complete, and the property is live on the market! Showings are in full swing, bringing in potential buyers and generating interest. While no offers have come in just yet, momentum is building, and each showing presents a new opportunity.

03/07/25

The property is set to hit the market this Tuesday, with strong expectations for it to be under contract within the next 30 days. Given the current momentum, the outlook is promising, and there’s great potential for a successful and timely sale.

03/04/25

Rehabilitation is officially DONE today! A huge step forward! The only remaining tasks are putting on the cabinet doors and cleaning up the extra materials in the garage. Almost there!

No permit delays to worry about—everything is moving smoothly. The house is on track to be sold soon, and the excitement is building! Photos will be sent over shortly to give a sneak peek of the finished work.

02/05/25

The property rehab is nearing completion, with only a few remaining tasks to be finalized. Key milestones, including final plumbing and flooring installation, have been successfully completed. No issues or delays have been encountered, and the project remains on budget. The next major step is listing the house on the market next week. Photos will be provided upon completion to share with the PML.

01/03/25

The property rehab is progressing smoothly, with finishing work nearing completion. Painting, electrical, and plumbing tasks are being finalized, marking significant strides toward wrapping up this phase of the project. While there were minor delays due to the holidays, the timeline remains on track with the next major focus being the installation of flooring throughout the house, scheduled for next week. Budget adherence has been excellent, ensuring financial goals are met without compromise. Photos of the property are available and ready to share, showcasing the steady progress and quality of work achieved so far.

12/02/24

The property rehab is progressing well, with the team currently awaiting the pre-drywall electrical inspection. Most major milestones have been completed, setting the stage for the next phases: drywall, paint, flooring, and trim, which will begin promptly after the inspection approval. No significant issues or delays have been encountered so far. The project remains on track, though slightly over budget on dumpster costs while other items remain within target. Photos documenting the progress will be shared via text later this evening.

10/29/24

They are almost finished with the exterior of the property. For the interior, all the junk has been removed, and all the damaged flooring has been taken up. A key milestone that has been completed is the exterior work, which is now done. Fortunately, there have been no issues or delays with the rehab process. The next significant action will involve remodeling both bathrooms and the kitchen. In terms of budget management, they are doing well and staying on track. Additionally, he mentioned that he sent photos to you, dated October 22nd, to share with the PML.

10/18/24

The borrower mentioned they’re almost done with the entire exterior. They’re still working on the deck, but the roof is finished, the brick has been fixed, and the gutters are all replaced. Inside, the demo is complete, and next up is drywall along with prepping the bathrooms.

One thing to note: they went ahead and bought a new water heater out of pocket, but aside from that, everything is still on budget and moving forward smoothly.