Loan amount
$220,000
Loan type
Purchase
{Fix&Rent}
After Repair Value
$315,000
{PP:$250,000}
ARV
70%
{ARV}
Property type
Multi-Family 1-4 Units
Borrower Details
Credit score
740
Deal experience
1 deal
This loan scenario was submitted by a Broker
No
Property Details
City
Louisville
State
Kentucky
Loan Details
Purchase price
$250,000
Down payment
$35,000
Cost of improvements
$5,000
Estimated property value after repairs
$315,000
Additional Loan Information
Trying to purchase a multi family unit making great cash flow, fix and rent it out. Exit strategy is to refinance.
Status
Open
Created
January 23, 2021 - 11:27pm
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