Loan amount
$610,000
Loan type
Purchase
{Fix&Rent}
After Repair Value
$1,200,000
{PP:$55,000}
ARV
51%
{ARV}
Property type
Multi-Family 5+ Units
Borrower Details
Credit score
740
Deal experience
5 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Detroit
State
Michigan
Loan Details
Purchase price
$55,000
Down payment
$15,000
Cost of improvements
$570,000
Estimated property value after repairs
$1,200,000
Additional Loan Information
I have purchased the property already. I have also spent approximately 15,000 on this property to clean out the inside of the building.
Status
Open
Created
March 4, 2021 - 2:00pm
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