Loan amount
$50,000
Loan type
As-Is Property Value
$120,000
LTV
42%
{LTV}
Property type
single family
Borrower Details
Credit score
700
Deal experience
None
This loan scenario was submitted by a Broker
Property Details
State
Ohio
Loan Details
Additional Loan Information
I've won an auction to purchase a single family house for $40K and am now in contract. The plan is to fix and flip the property. I am requesting an additional $10K for rehab costs to use alongside my $15K in cash. I will be putting up my current home as additional collateral. That home is worth approximately $80K and is fully paid off.
Status
Closed
Created
July 23, 2019 - 1:29pm
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