Loan amount
$84,500
Loan type
Refinance {Fix&Flip}
After Repair Value
$165,000
ARV
51% {ARV}
Property type
Single Family
Borrower Details
Credit score
650
Deal experience
1 deal
This loan scenario was submitted by a Broker
No
Property Details
City
Hamilton
State
Ohio
Loan Details
Current mortgage balance
$74,500
Cost of improvements
$10,000
Estimated property value after repairs
$165,000
Additional Loan Information
I want to refinance a property I currently have under land contract and borrow funds to finish the basement. I have already done full renovations of the kitchen&bathroom. Also replaced a driveway retaining wall, added a deck and privacy fence, added built-ins to the enclosed back porch/mud room giving it a home office area, updated all lighting and plumbing fixtures, paint and landscaping. I want to finish the basement, add a 3rd bedroom with egress window, add a family room, add a storage room and enclose laundry room. ARV once the basement is finished is @165k
Status
Created
June 29, 2022 - 3:36pm

Hard Money Lenders Now Offering Real Estate Investor Loans in Ohio Columbus | Cleveland | Cincinnati | Toledo | Akron | Dayton Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans