Loan amount
$785,000
Loan type
Purchase {Construction}
After Repair Value
$2,000,000 {PP:$465,000}
ARV
39% {ARV}
Property type
Single Family
Borrower Details
Credit score
520
Deal experience
2 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Miami
State
Florida
Loan Details
Purchase price
$465,000
Down payment
$180,000
Cost of improvements
$500,000
Estimated property value after repairs
$2,000,000
Additional Loan Information
we are planning to buy a vacant land of 77,000 sf to build a 3,500 sf house (6bed 4 bath, with pool) with estimated sales prices (according to comparable in the area) of $2,000,000
Status
Created
July 4, 2023 - 6:18pm

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