Loan amount
$74,000
Loan type
Purchase
{Fix&Rent}
After Repair Value
$135,000
{PP:$64,900}
ARV
55%
{ARV}
Property type
Condo
Borrower Details
Credit score
620
Deal experience
1 deal
This loan scenario was submitted by a Broker
No
Property Details
City
Chicago
State
Illinois
Loan Details
Purchase price
$64,900
Down payment
$1,000
Cost of improvements
$10,000
Estimated property value after repairs
$135,000
Additional Loan Information
Purchase and repair 3br 2 bathroom REO condo. I already have a tenant with a signed LOI to rent provided the unit is available at least by June 15 through July 15, 2023 or sooner.
Status
Open
Created
May 11, 2023 - 12:11am
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