INV Ref – PRXRALF3

21

1211 KELLOGG ACES

The property rehab has reached a significant milestone, with all renovations completed and the listing now live on Zillow under a realtor’s management. While these accomplishments mark excellent progress, the project encountered notable delays due to plumbing and electrical issues, as well as leveling challenges related to the foundation. 

22

1547 HILLSCREST

The rehab for the property is fully complete at 100%. The appraisal came in at $340K, though it only reflected 6 of the 8 bedrooms due to city records listing just 6. Coordination is underway with the Mayor’s Office and Department of Zoning to update the official records, which will allow the full bedroom count to be considered and enhance the final appraisal value.

23

11 STOOPVILLE

The project’s moving into its final stretch. Right now, they’re finishing up the stairs, and drywall installation is next in line—scheduled for some time next week. The borrower estimates about four more weeks to wrap everything up.

24

244 6TH AVE SW HICKORY

The renovation is now in its final phase. The last inspection for the final draw is complete, and things are lining up for the next steps. The borrower is scheduled to meet with their realtor tomorrow to go over listing details, and the property should be hitting the market later this week.

25

4901 OLD ATLANTA

The Closing date is set on Wednesday to Friday this week, marking a major milestone in the process. Everything’s coming together smoothly, and excitement is building as the final steps fall into place. 

26

5533 8TH AVENUE

The borrower has already secured the necessary permits and submitted a substantial draw request earlier this week—Monday, to be exact. The property was inspected yesterday, and from the sound of it, everything went smoothly.

Once the draw is reimbursed, they’re planning to move quickly and keep things progressing.

27

216 RIDGE AVE

The 216 Ridge Ave property is officially back on the market, now featuring fresh, updated photos to highlight its improvements. 
 

The latest listing can be viewed here: https://www.zillow.com/homedetails/216-Ridge-Ave-New-Kensington-PA-15068/10649078_zpid/

28

2955 POINT

The rehab is over 50% complete and moving along steadily. Contractors are showing up consistently and completing work on time. The project remains within budget, with $25K–$30K left on the current draw. A realtor is already involved, and plans for listing are underway. 

29

117 BOSTWICK

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

30

12436 OBERLIN DR

Great progress has been made with flooring, bathrooms, and drywall are all finished, and things are on track for a full completion around May 3rd or 4th. After a short three-week pause due to permit delays, the crew is back on site and moving along smoothly.