Loan amount
$300,000
Loan type
As-Is Property Value
$400,000
LTV
75%
{LTV}
Property type
Single family home
Borrower Details
Credit score
720
Deal experience
2 deals
This loan scenario was submitted by a Broker
Property Details
State
Arizona
Loan Details
Additional Loan Information
Purchase property and build home for primary residence / owner-occupied. Purchase price $135K. Estimated construction budget $175K. Estimated construction timeline of 1 year. ARV in the $400K range. Putting $20K of own funds towards this. Located in Nutrioso, AZ. Not yet in contract. My current salary is $92K a year, plus I draw $52K from a prior retirement. My wife's salary is $68K.
Status
Closed
Created
October 9, 2019 - 1:18pm
Hard Money Lenders Now Offering Real Estate Investor Loans in Arizona Phoenix | Tuscon | Mesa | Chandler | Scottsdale | Glendale Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans