Loan amount
$190,500
Loan type
Purchase {Fix&Flip}
After Repair Value
$315,000 {PP:$215,000}
ARV
60% {ARV}
Property type
Vacant Land
Borrower Details
Credit score
720
Deal experience
15 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Plains
State
Georgia
Loan Details
Purchase price
$215,000
Down payment
$25,000
Estimated property value after repairs
$315,000
Additional Loan Information
We plan to flip this farmland without any improvements. It is productive farmland in Sumter County, GA. We have it under contract for $2,500 an acre and our broker estimates we can sell it at $3,750 to $4,500 an acre within two months.
Status
Created
May 2, 2024 - 6:09pm

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