Loan amount
$57,000
Loan type
Purchase
{Fix&Rent}
After Repair Value
$120,000
{PP:$65,000}
ARV
48%
{ARV}
Property type
Multi-Family 1-4 Units
Borrower Details
Credit score
770
Deal experience
2 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Youngstown
State
Ohio
Loan Details
Purchase price
$65,000
Down payment
$20,000
Cost of improvements
$12,000
Estimated property value after repairs
$120,000
Additional Loan Information
I have a cash flowing duplex getting over $900 a month plan is to get into the property do a minimal rehab to force appreciation, and increase rents exit strategy is cash out refi, or roll into 30 year DSCr loan
Status
Open
Created
December 21, 2023 - 6:27pm
Hard Money Lenders Now Offering Real Estate Investor Loans in Ohio Columbus | Cleveland | Cincinnati | Toledo | Akron | Dayton Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans