Loan amount
$160,000
Loan type
Purchase
{Construction}
After Repair Value
$300,000
{PP:$19,999}
ARV
53%
{ARV}
Property type
Single Family
Borrower Details
Credit score
580
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Mauldin
State
South Carolina
Loan Details
Purchase price
$19,999
Down payment
$10,000
Cost of improvements
$150,000
Estimated property value after repairs
$300,000
Additional Loan Information
Looking to build a new 3/2 2000 square foot home in high demand Mauldin area. Property is 0.32 acres and is listed for $19;999. Comps average to 1700 square feet and sale for $152 square foot. I am new to flipping/ construction however will be partnering with n experienced contractor and a partner who worked on 6 flips and 1 new construction.
Status
Open
Created
November 28, 2021 - 11:56am
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