Loan amount
$225,000
Loan type
Purchase
{Fix&Rent}
After Repair Value
$450,000
{PP:$125,000}
ARV
50%
{ARV}
Property type
Single Family
Borrower Details
Credit score
700
Deal experience
3 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Benton Harbor
State
Michigan
Loan Details
Purchase price
$125,000
Down payment
$25,000
Cost of improvements
$125,000
Estimated property value after repairs
$450,000
Additional Loan Information
Purchase is a mixed used acre with an existing dwelling split lot phase 1 Complete remodel and STR EXIT STRATEGY PROPERTY WILL GROSS 80000-100000 yearly at 42% capacity after refinance phase 2 complete new construction 2-4 new homes new plans appraised a 339,000 1500-17000sqft single family
Status
Open
Created
April 29, 2024 - 2:30am
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