Loan amount
$130,000
Loan type
As-Is Property Value
$200,000
LTV
65%
{LTV}
Property type
Single family home
Borrower Details
Credit score
752
Deal experience
None
This loan scenario was submitted by a Broker
Property Details
State
New Hampshire
Loan Details
Additional Loan Information
Fix and flip. First floor bedroom with 1/4 bath. Open concept kitchen and dining that opens to a rear enclosed porch. Large level lot with a very generous fenced in area in the rear. Lot is 1.2 acres, forced air heating, built in 1935. 45 minutes to the mountains and beach. Currently a Fannie Mae Homepath Property. Comparable properties in the area have been sold for north of $200K. Purchase price $79,900. Renovation budget $50K. Will take 4-6 months to rehab and sell. ARV $200K. Located in New Durham, NH 03855. Not yet in contract.
Status
Closed
Created
January 2, 2020 - 12:15pm
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