Loan amount
$500,000
Loan type
Purchase
{Fix&Rent}
After Repair Value
$650,000
{PP:$400,000}
ARV
77%
{ARV}
Property type
Multi-Family 5+ Units
Borrower Details
Credit score
793
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Sierra Vista
State
Arizona
Loan Details
Purchase price
$400,000
Down payment
$20,000
Cost of improvements
$120,000
Estimated property value after repairs
$650,000
Additional Loan Information
5 duplexes needing updating and repairs. I’m prepared to place an offer and need financing. Currently rented to 70% occupancy. Borders military base with steady employment surrounding.
Status
Open
Created
January 19, 2021 - 2:44am
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