Loan amount
$88,000
Loan type
Purchase
{Fix&Flip}
After Repair Value
$128,000
{PP:$70,000}
ARV
69%
{ARV}
Property type
Single Family
Borrower Details
Credit score
700
Deal experience
2 deals
This loan scenario was submitted by a Broker
Yes
Property Details
City
St. Louis
State
Missouri
Loan Details
Purchase price
$70,000
Down payment
$7,000
Cost of improvements
$25,000
Estimated property value after repairs
$128,000
Additional Loan Information
This property is in a neighborhood that is being gentrified in St. Louis. The area is turning over quickly with value add rehab costs at a minimum. Borrower has 1-2 properties completed.
Status
Open
Created
January 15, 2024 - 4:20pm
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