Loan amount
$50,000
Loan type
As-Is Property Value
$150,000
LTV
34%
{LTV}
Property type
Single family home
Borrower Details
Credit score
500
Deal experience
3 deals
This loan scenario was submitted by a Broker
Property Details
State
Virginia
Loan Details
Additional Loan Information
Manufactured home on raw land (1.35 acres). I have a ratified contract on the land. I close Sept 4. Purchase price for the land is $20K. I will be paying everything else in cash after I settle on my primary residence Aug 30. My proceeds should be 100k. Loan term of 24 to 36 months. After construction, the rent would be 1500 and the property value an estimated $150K.
Status
Closed
Created
August 6, 2019 - 1:38pm
Hard Money Lenders Now Offering Real Estate Investor Loans in Virginia Virginia Beach | Chesapeake | Norfolk | Richmond | Newport News | Alexandria Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans