Loan amount
$465,000
Loan type
Purchase
{Fix&Rent}
After Repair Value
$530,000
{PP:$440,000}
ARV
88%
{ARV}
Property type
Single Family
Borrower Details
Credit score
650
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Mount Pleasant
State
South Carolina
Loan Details
Purchase price
$440,000
Down payment
$50,000
Cost of improvements
$75,000
Estimated property value after repairs
$530,000
Additional Loan Information
Looking to Purchase, renovate and then rent the home. However I need funding to complete repairs and purchase while I wait for the home Equity loan on my home to clear at which time I will pay off the loan and refinance the balance. looking for a 6 to 12 month bridge. I have already found the home that I am looking to purchase
Status
Open
Created
February 14, 2021 - 6:57pm
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