Loan amount
$45,000
Loan type
Purchase {Fix&Flip}
After Repair Value
$100,000 {PP:$15,000}
ARV
45% {ARV}
Property type
Single Family
Borrower Details
Credit score
600
Deal experience
1 deal
This loan scenario was submitted by a Broker
No
Property Details
City
Fairborn
State
Ohio
Loan Details
Purchase price
$15,000
Down payment
$0
Cost of improvements
$30,000
Estimated property value after repairs
$100,000
Additional Loan Information
There is an auction for this property. The owner passed away and they are selling the property to settle the estate. The house has 3 bedrooms and 1 bath. The property is 1008 sq. ft. The ARV is 100k+ based upon the comps, and the house is in good condition and may need some lipstick rehab but asking for a bit more for cushion in case something else may arise.
Status
Created
August 5, 2021 - 1:48pm

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