Loan amount
$50,000
Loan type
As-Is Property Value
$130,000
LTV
39%
{LTV}
Property type
Single family home
Borrower Details
Credit score
713
Deal experience
4 deals
This loan scenario was submitted by a Broker
Property Details
State
Ohio
Loan Details
Additional Loan Information
Fix and flip. I have funds to buy property, and half of the estimated rehab cost, but would like to add more to the investment. I’ve done 2 houses in the past year and this will be my third in fourteen months. I have competent workers and very cost effective when it comes to budget. 4bd 2bath 1900 sq. ft. Home in Toledo, Ohio. In need of full rehab. I have under contract and close on or before June 5th. Have funds to buy and rehab. Just looking to upgrade certain rooms. Purchase price $50K. Renovation budget $50K. Expect to have it back on the market in 8 weeks. ARV $120-180K.
Status
Closed
Created
May 18, 2020 - 8:46am
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