Loan amount
$240,000
Loan type
Purchase {Construction}
After Repair Value
$600,000 {PP:$140,000}
ARV
40% {ARV}
Property type
Vacant Land
Borrower Details
Credit score
600
Deal experience
1 deal
This loan scenario was submitted by a Broker
No
Property Details
City
Texarkana
State
Texas
Loan Details
Purchase price
$140,000
Down payment
$50,000
Cost of improvements
$150,000
Estimated property value after repairs
$600,000
Additional Loan Information
We have an accepted offer on land that was part of an estate. We need to get that financed ASAP and then will be building on it and looking for a construction loan.
Status
Created
April 24, 2021 - 1:12pm

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