Loan amount
$175,000
Loan type
As-Is Property Value
$342,000
LTV
52%
{LTV}
Property type
Duplex
Borrower Details
Credit score
590
Deal experience
None
This loan scenario was submitted by a Broker
Property Details
State
Hawaii
Loan Details
Additional Loan Information
I am a property manager looking for a lender to fund my deal. Asking price is $119,500, for 2 units. Some repairs are necessary and I have a crew who is willing to do the work for cheap. Renovation budget $40-60K. The renovation timeline would be about 30 days. ARV $342K. Not yet in contract. Property located in Located in Mountain View, Hawaii. Estimated annual rent $30K. Gross Rent ROI 17.14%. Net ROI 12%.
Status
Closed
Created
May 13, 2020 - 9:15am
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