Loan amount
$69,000
Loan type
Purchase {Fix&Rent}
After Repair Value
$138,000 {PP:$53,750}
ARV
50% {ARV}
Property type
Single Family
Borrower Details
Credit score
810
Deal experience
2 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Malone
State
New York
Loan Details
Purchase price
$53,750
Down payment
$25,000
Cost of improvements
$40,000
Estimated property value after repairs
$138,000
Additional Loan Information
Single family foreclosure 3 bed 2 bath on 1 acre in Malone NY. Needs roof and interior remodel. Going to offer $53,750 but would like to borrow additional 40 k for full rehab ($93,750 total). ARV $125,000-$150,000. I have enough cash to cover initial purchase so if need be I can get away with just the 40K for rehab.
Status
Created
January 7, 2021 - 7:28pm

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