Loan amount
$160,000
Loan type
As-Is Property Value
$295,000
LTV
55%
{LTV}
Property type
Single family home
Borrower Details
Credit score
720
Deal experience
25 deals
This loan scenario was submitted by a Broker
Property Details
State
Delaware
Loan Details
Additional Loan Information
This is a fix and flip. I estimate the renovations will be 4 months and house should sell quickly if priced correctly. I just signed contract with seller and are hoping for a settlement for December. This is also a historic home. Purchase price is $78K. Renovation budget $95K. ARV $295K. Location is Wilmington, Delaware.
Status
Closed
Created
December 3, 2019 - 6:34pm
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