Loan amount
$117,000
Loan type
Refinance
{Fix&Rent}
After Repair Value
$246,000
ARV
48%
{ARV}
Property type
Multi-Family 1-4 Units
Borrower Details
Credit score
564
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Grand Blanc
State
Michigan
Loan Details
Current mortgage balance
$110,000
Cost of improvements
$7,000
Estimated property value after repairs
$246,000
Additional Loan Information
I currently have a property I owe 110000 on that could use about $5000 worth of work on to be worth at least $200000. Also, an investment property listed at $16000 I would like to purchase to rent out. The rest of the loan would be held onto for payments onto the loan itself since $50000 is the minimum
Status
Open
Created
October 22, 2023 - 3:27pm
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