Loan amount
$20,000
Loan type
As-Is Property Value
$50,000
LTV
40%
{LTV}
Property type
Single family home
Borrower Details
Credit score
700
Deal experience
5 deals
This loan scenario was submitted by a Broker
Property Details
State
Illinois
Loan Details
Additional Loan Information
I have purchased a single family home for $9K cash. It should now be worth $50-60K according to neighborhood comps. I am looking for a short term loan to finish the rehab of around 60 months. Work will take 30 days. Plan to hold and rent for $600-700 a month. Property located in Centralia, IL.
Status
Closed
Created
July 12, 2020 - 3:55pm
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