Loan amount
$100,000
Loan type
As-Is Property Value
$340,000
LTV
30%
{LTV}
Property type
Single family home
Borrower Details
Credit score
500
Deal experience
5 deals
This loan scenario was submitted by a Broker
Property Details
State
Massachusetts
Loan Details
Additional Loan Information
I am a REO agent licensed in South Carolina. Numerous opportunities to buy REO homes for about $40K with $20K in repairs and sell quick for $80K. I already have a few properties I am interested in. Looking for a lender that can provide quick capital. I've sold over 50+ REOs for banks that we over see renovation projects and sell higher to financed buyers. For additional collateral, I can put up my primary home in Sterling MA 01564. It has a hard money loan for $65k. Done a lot of renovating. Value easily over $300K. Will sell in 2 years.
Status
Closed
Created
October 24, 2019 - 8:05am
Hard Money Lenders Now Offering Real Estate Investor Loans in Massachussetts Boston | Worcester | Springfield | Cambridge | Lowell | Brockton Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans