Loan amount
$0
Loan type
As-Is Property Value
$360,000
LTV
0%
{LTV}
Property type
Multi-family
Borrower Details
Credit score
645
Deal experience
3 deals
This loan scenario was submitted by a Broker
Property Details
State
New Jersey
Loan Details
Additional Loan Information
2-unit residential home in Burlington NJ. Purchase price $125K. The current value of the home is $305K. This is a personal deal from a distressed associate, looking to sell asap. Putting down $5K plus business partner agrees to pay the $22K repair fees. 2-3 month timeline. ARV of $360K. Already in contract. Will either sell or refinance and rent. 6-12 month loan duration.
Status
Closed
Created
October 5, 2020 - 9:29am
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