Loan amount
$30,000
Loan type
As-Is Property Value
$200,000
LTV
15%
{LTV}
Property type
Single family home
Borrower Details
Credit score
540
Deal experience
7 deals
This loan scenario was submitted by a Broker
Property Details
State
Arizona
Loan Details
Additional Loan Information
I am closing on an investment property that was a new construction started in 2008 that was never finished. It needs all the cosmetics. The goal is to finish it and sell it. I will be closing on this property in a week. Already contracted set for title co. The asking was $88,500. I am getting it for $75,000. The rehab is estimated at $30,000. Timeline 6 months or less. ARV $175,000-$225,000 range. The purchase of the house is being financed separately.
Status
Closed
Created
October 28, 2019 - 4:47pm
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