Loan amount
$557,000
Loan type
As-Is Property Value
$795,000
LTV
71%
{LTV}
Property type
Single family home
Borrower Details
Credit score
659
Deal experience
None
This loan scenario was submitted by a Broker
Property Details
State
Alabama
Loan Details
Additional Loan Information
Fix and flip. Great Location. Comps are $800K-$1M+. Contract purchase price $579K Estimated Reno (3-6 months) $32K. Estimated ARV $795K. Exit strategy would be to sell quickly or refinance to long term loan and rent for around $3500-4000. I am new to flipping but have lots of personal experience with renovations and love the real estate arena. Property located in Mountain Brook, AL Zip 35223.
Status
Closed
Created
April 15, 2020 - 9:32am
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