Loan amount
$62,000
Loan type
Purchase
{Fix&Flip}
After Repair Value
$185,000
{PP:$15,000}
ARV
34%
{ARV}
Property type
Single Family
Borrower Details
Credit score
600
Deal experience
3 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Rockwood
State
Tennessee
Loan Details
Purchase price
$15,000
Down payment
$3,000
Cost of improvements
$50,000
Estimated property value after repairs
$185,000
Additional Loan Information
I’m a contractor with poor credit. I had four houses paid cash for them. I find it difficult to do renovations on properties having to pay cash for them versus financing through lenders such as yourself. The house in question is cheap. It’s small but has great potential. The area of the house is in has little to no inventory. Renovated housing goes fast.
Status
Open
Created
July 23, 2023 - 6:59pm
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