Loan amount
$75,000
Loan type
As-Is Property Value
$125,000
LTV
60%
{LTV}
Property type
Single family home
Borrower Details
Credit score
690
Deal experience
3 deals
This loan scenario was submitted by a Broker
Property Details
State
Minnesota
Loan Details
Additional Loan Information
Older house needs updates. Retired couple looking to sell an outdated house. $50-60k purchase price. $15-25k renovation budget. 3 months is the renovation timeline. $125-150k is the estimate of value once updated. Not currently in contract. Located in Duluth, MN. Will either sell or rent depending on interest rate.
Status
Closed
Created
November 20, 2019 - 8:59pm
Hard Money Lenders Now Offering Real Estate Investor Loans in Minnesota Minneapolis | St Paul | Rochester | Duluth | Bloomington | Brooklyn Park Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans