Loan amount
$219,500
Loan type
As-Is Property Value
$470,000
LTV
47% {LTV}
Property type
Single family home
Borrower Details
Credit score
550
Deal experience
10 deals
This loan scenario was submitted by a Broker
Property Details
State
Washington
Loan Details
Additional Loan Information
I wish to complete my project. I purchased the property for $145,000, I put $10k down and owe $134,500, also I've put $30k plus into the property. I need $85,000 to complete my project which will take less than 90 days and I can sell it in less than 90 days from completion. I was let go from my job and had a heart attack which has hurt my credit. Therefore, I can not get a conventional loan. Upgrades completed, I have poured new concrete flooring, all new doors & windows, 90% of the framing is complete, all new siding and wood exterior, new exterior paint, new gutters and rough in plumbing is 80% completed. I have materials for exterior entry canopy and enclosed patio room off of living room and exterior concrete has been poured for patio room and entry. Market value on average is $218 sq. ft x my home 2160 sq. ft. = $470,880. My home will be very unique with all new updates and great selling features. The property is in Washougal, WA 98671.
Status
Created
March 4, 2020 - 10:14pm

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