Loan amount
$50,000
Loan type
Refinance
{Construction}
After Repair Value
$200,000
ARV
25%
{ARV}
Property type
Single Family
Borrower Details
Credit score
599
Deal experience
1 deal
This loan scenario was submitted by a Broker
No
Property Details
City
BLOUNTSVILLE
State
Alabama
Loan Details
Current mortgage balance
$0
Cost of improvements
$50,000
Estimated property value after repairs
$200,000
Additional Loan Information
I purchased 6.2 acres of undeveloped land. I have since installed onsite septic, water and access. I am planning to build a workshop and mobile home in the property. Invested so far @100k. The property will become rental or investment property to fund a build.
Status
Open
Created
March 22, 2024 - 2:10pm
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