Loan amount
$115,000
Loan type
As-Is Property Value
$150,000
LTV
77%
{LTV}
Property type
Single family home
Borrower Details
Credit score
560
Deal experience
None
This loan scenario was submitted by a Broker
Property Details
State
Alabama
Loan Details
Additional Loan Information
Looking to purchase the property and flip. It was just appraised for $149,900. I want to replace carpet, flooring and update cabinets. I believe doing that, it should sell for $165,000-175,000. It is a 3 bedroom and 2 bath house. Estimated renovation budget is $35,000 and will take up to a year. Purchase price is $85,000. Not in contract yet.
Status
Closed
Created
September 1, 2019 - 9:58pm
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