Loan amount
$115,000
Loan type
As-Is Property Value
$150,000
LTV
77%
{LTV}
Property type
Single family home
Borrower Details
Credit score
622
Deal experience
35 deals
This loan scenario was submitted by a Broker
Property Details
State
Iowa
Loan Details
Additional Loan Information
A minor rehab project. In contract and closing soon. Repair roof, replace HVAC, paint, add egress window. We flip about 8-10 properties per year. We always get bank loans, but our bank changed the rules and increased the amount required down. Purchase price $87K. Renovation budget $25K. 1 month timeline. ARV $150K. Property located in Des Moines, Iowa.
Status
Closed
Created
July 16, 2020 - 1:25pm
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