Loan amount
$220,000
Loan type
Purchase
{Construction}
After Repair Value
$300,000
{PP:$150,000}
ARV
73%
{ARV}
Property type
Single Family
Borrower Details
Credit score
600
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Sauteed Nacoochee
State
Georgia
Loan Details
Purchase price
$150,000
Down payment
$10,000
Cost of improvements
$80,000
Estimated property value after repairs
$300,000
Additional Loan Information
Building a log cabin and have fallin short on completing it. Purchased 2.5 acres in 30571 area for $40,000.
Paid $27,700 down payment to ELoghomes. I have the funds for the materials for construction and delivery $62,000. However, my plumber, electrician, HVAC guys and fixtures will need to be purchased to complete the build. Please help
Paid $27,700 down payment to ELoghomes. I have the funds for the materials for construction and delivery $62,000. However, my plumber, electrician, HVAC guys and fixtures will need to be purchased to complete the build. Please help
Status
Open
Created
September 5, 2023 - 3:03pm
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