Loan amount
$100,000
Loan type
Refinance
{Fix&Flip}
After Repair Value
$190,000
ARV
53%
{ARV}
Property type
Single Family
Borrower Details
Credit score
500
Deal experience
1 deal
This loan scenario was submitted by a Broker
No
Property Details
City
Nashville
State
North Carolina
Loan Details
Current mortgage balance
$35,000
Cost of improvements
$65,000
Estimated property value after repairs
$190,000
Additional Loan Information
I inherited the property it has a 35000 dollar home equity loan on it I want to pay off and do cosmetic upgrades paint flooring light fixtures appliances counter tops etc. The house is a 2bed 2 bath full brick on a corner lot. I have gotten estimates of it's value from 198000 to 216000. I have been a general contractor for over 30 years so I can get the repairs done but I have not done a fix and flip before but I think this deal speaks for itself. Thanks!
Status
Open
Created
March 24, 2023 - 2:40pm
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