Loan amount
$246,000
Loan type
Purchase
{Fix&Rent}
After Repair Value
$350,000
{PP:$240,000}
ARV
70%
{ARV}
Property type
Single Family
Borrower Details
Credit score
655
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Lake Placid
State
New York
Loan Details
Purchase price
$240,000
Down payment
$24,000
Cost of improvements
$30,000
Estimated property value after repairs
$350,000
Additional Loan Information
Finish/insulate the basement and 2 car garage. Update the kitchen. Update flooring 2 floors. Update boiler. Put a hot tub.
Status
Open
Created
February 8, 2021 - 10:35pm
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