Loan amount
$200,000
Loan type
Purchase
{Fix&Rent}
After Repair Value
$225,000
{PP:$125,000}
ARV
89%
{ARV}
Property type
Multi-Family 1-4 Units
Borrower Details
Credit score
630
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Wahpeton
State
North Dakota
Loan Details
Purchase price
$125,000
Down payment
$0
Cost of improvements
$75,000
Estimated property value after repairs
$225,000
Additional Loan Information
Looking at large duplex that needs facelift. New roof, furnace. Has two 3 BR units. I have property mgt experience. Estimated rent is $750/unit.
Status
Open
Created
January 17, 2021 - 10:19am
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