Loan amount
$150,000
Loan type
Refinance
{Construction}
After Repair Value
$500,000
ARV
30%
{ARV}
Property type
Vacant Land
Borrower Details
Credit score
800
Deal experience
3 deals
This loan scenario was submitted by a Broker
Yes
Property Details
City
Ellijay
State
Georgia
Loan Details
Current mortgage balance
$0
Cost of improvements
$150,000
Estimated property value after repairs
$500,000
Additional Loan Information
Owner owns title free and clear (no mortgage) for 1 acre vacant lot with several hundred feet of riverfront access within the Coosawattee River Resort. Seeks to build a 1400-1500 Sq ft cabin to sell the property for a handsome profit.
Status
Open
Created
June 4, 2023 - 8:16pm
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