Loan amount
$279,000
Loan type
Purchase
{Fix&Flip}
After Repair Value
$368,000
{PP:$239,000}
ARV
76%
{ARV}
Property type
Single Family
Borrower Details
Credit score
567
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Rapid City
State
South Dakota
Loan Details
Purchase price
$239,000
Down payment
$0
Cost of improvements
$40,000
Estimated property value after repairs
$368,000
Additional Loan Information
Currently speaking with RO about purchasing their off-market property. an additional 2 story addition (extra 1200 sq ft) has already been added, just left unfinished. Loan will be utilized to purchase property and finish the interior of the addition along with additional light to moderate rehab throughout home. approx. time to complete will be within 3 months. Have a licensed contractor in the state of SD that will partner with me to complete project.
Status
Open
Created
January 12, 2022 - 1:58pm
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