Loan amount
$28,000
Loan type
As-Is Property Value
$45,000
LTV
63%
{LTV}
Property type
Single family
Borrower Details
Credit score
614
Deal experience
5 deals
This loan scenario was submitted by a Broker
Property Details
State
Oregon
Loan Details
Additional Loan Information
2.4 acre, 2 bedrooms 1 bath home fixer upper. I plan to fix up property and within a year put new mobile home on it. I will refinance it with in 1 year and use it as a rental property. I have already paid $6000 on property after owner holding paper. This is a refinance hard money loan. I need balance of $28,000 to pay it off. Was purchased for $38K originally. Once I fix it up with a new mobile and landscape it will be worth approx. $120,000. Located in Christmas Valley, Oregon.
Status
Closed
Created
October 10, 2019 - 5:18pm
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