Loan amount
$80,000
Loan type
As-Is Property Value
$170,000
LTV
48%
{LTV}
Property type
Single family home (2)
Borrower Details
Credit score
650
Deal experience
7 deals
This loan scenario was submitted by a Broker
Property Details
State
Texas
Loan Details
Additional Loan Information
Fix and flip 2 homes. Total purchase price $35K. We have property in Kansas that can be used as additional collateral, if needed. Combined renovation budget $40K. Renovation will take 3-7 months to complete. Both properties ARV $85K each, for a total of $170K. Properties located in Temple, TX. Not yet in contract.
Status
Closed
Created
April 4, 2020 - 9:19am
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