Loan amount
$148,000
Loan type
Purchase {Fix&Flip}
After Repair Value
$210,000 {PP:$120,000}
ARV
70% {ARV}
Property type
Single Family
Borrower Details
Credit score
620
Deal experience
1 deal
This loan scenario was submitted by a Broker
No
Property Details
City
Dearborn
State
Michigan
Loan Details
Purchase price
$120,000
Down payment
$17,000
Cost of improvements
$45,000
Estimated property value after repairs
$210,000
Additional Loan Information
Bungalow in need of updates. Will also be adding a bedroom that is currently a 2nd living room. It has a double lot which is rare in this neighborhood.
Status
Created
March 14, 2023 - 10:48pm

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