Loan amount
$2,500,000
Loan type
Purchase {Construction}
After Repair Value
$4,000,000 {PP:$600,000}
ARV
63% {ARV}
Property type
Single Family
Borrower Details
Credit score
660
Deal experience
2 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Nashville
State
Tennessee
Loan Details
Purchase price
$600,000
Down payment
$100,000
Cost of improvements
$2,000,000
Estimated property value after repairs
$4,000,000
Additional Loan Information
To purchase an empty lot that will be divided into two single family properties that will then be built simultaneously. The land is in a well developed area of nashville and the project is estimating to be approximately 65 to 70% loan to final value
Status
Created
February 28, 2023 - 6:00pm

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