Loan amount
$65,000
Loan type
As-Is Property Value
$140,000
LTV
47%
{LTV}
Property type
Single family home
Borrower Details
Credit score
560
Deal experience
None
This loan scenario was submitted by a Broker
Property Details
State
Michigan
Loan Details
Additional Loan Information
A colonial home just went on the market for $34,500. I would like to do a re-hab and flip the property. Typical homes in the area values are rising up to and around $150,000. I believe it is and excellent opportunity. I have almost 15 years property management and development experience with the City of Detroit Housing Commission and Planing and Development Department. Both Rehab and New Construction experience. Estimated renovation cost of $30K. Timeline 6 months. I can put up my primary residence, which is paid off, as collateral, if needed.
Status
Closed
Created
September 18, 2019 - 9:51pm
Hard Money Lenders Now Offering Real Estate Investor Loans in Michigan Detroit | Grand Rapids | Warren | Ann Arbor | Lansing | Flint Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans