Loan amount
$400,000
Loan type
Purchase
{Fix&Flip}
After Repair Value
$625,000
{PP:$450,000}
ARV
64%
{ARV}
Property type
Single Family
Borrower Details
Credit score
300
Deal experience
2 deals
This loan scenario was submitted by a Broker
Yes
Property Details
City
Huntingtown
State
Maryland
Loan Details
Purchase price
$450,000
Down payment
$100,000
Cost of improvements
$50,000
Estimated property value after repairs
$625,000
Additional Loan Information
Fix and flip and sell and develop the remaining 1acre approved for new construction and resale. The guarantor has no credit scores due to know open credit but he has $500k in cash reserves
Status
Open
Created
July 11, 2021 - 5:39pm
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