Loan amount
$217,000
Loan type
Refinance
{Fix&Flip}
After Repair Value
$550,000
ARV
39%
{ARV}
Property type
Single Family
Borrower Details
Credit score
700
Deal experience
15 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Cullman
State
Alabama
Loan Details
Current mortgage balance
$187,000
Cost of improvements
$30,000
Estimated property value after repairs
$550,000
Additional Loan Information
14 acres with SFH on new waterfront recreational & homebuilding site in booming county. Cullman is commuting distance to both Huntsville & Birmingham. SFH to be renovated & flipped with 1 acre for $350,000. Remaining 13 acres waterfront left free & clear for development. Borrower is highly experienced land developer of 700 homesites.
Status
Open
Created
April 9, 2023 - 11:57am
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