Loan amount
$98,000
Loan type
Purchase
{Fix&Flip}
Property value
$160,000
{PP:$80,000}
ARV
61%
{ARV}
Property type
Multi-Family 1-4 Units
Credit score
680
Deal experience
3 deals
This loan scenario was submitted by a Broker
No
City
Mount Carmel
State
Pennsylvania
Purchase price
$80,000
Down payment
$2,000
Cost of improvements
$20,000
Estimated property value after repairs
$160,000
Additional Loan Information
Property is being purchased from a friend whom I will be going into business with after this deal. Property will be repaired and will be sold ASAP to repay the loan. Money from purchase will be used to create a PARTNERSHIP in acquiring new properties with seller.
Status
Pending review: Please check your email. We will be sending you follow-up questions, if needed. Be sure to check your spam folder.
Created
June 8, 2021 - 8:45pm
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