Loan amount
$430,000
Loan type
Refinance
{Construction}
After Repair Value
$650,000
ARV
66%
{ARV}
Property type
Single Family
Borrower Details
Credit score
644
Deal experience
4 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Mineola
State
Texas
Loan Details
Current mortgage balance
$0
Cost of improvements
$430,000
Estimated property value after repairs
$650,000
Additional Loan Information
I own 131 lots in Mineola Texas, located 20 minutes north of Tyler Texas who has a population of 130,000. Looking to build spec homes. Two models under way. Cost to build is $430,000 and the ARV appraisals are $650,000. I would like to build in sets of 2 starting new sets every 45 days.
Status
Open
Created
November 15, 2023 - 7:24pm
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