Loan amount
$85,000
Loan type
Purchase
{Fix&Flip}
After Repair Value
$180,000
{PP:$55,000}
ARV
47%
{ARV}
Property type
Multi-Family 1-4 Units
Borrower Details
Credit score
618
Deal experience
16 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Detroit
State
Michigan
Loan Details
Purchase price
$55,000
Down payment
$10,000
Cost of improvements
$40,000
Estimated property value after repairs
$180,000
Additional Loan Information
It's a 2 family flat, that needs the roof to be fixed with some basic cosmetics, and also renovation on the inside. We're looking to basically keep everything the same with few replacements. We're also looking to touch up both sides of the basement. This could be done within 60-90 days.
Status
Open
Created
November 1, 2021 - 2:24pm
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