Loan amount
$125,000
Loan type
As-Is Property Value
$200,000
LTV
63%
{LTV}
Property type
Single family home
Borrower Details
Credit score
600
Deal experience
108 deals
This loan scenario was submitted by a Broker
Property Details
State
Louisiana
Loan Details
Additional Loan Information
Fix and flip. 3bd, 2ba high-demand area, sits on 1 acre. Raised foundation age is around 20 years. Purchase price $120K. Renovation budget $15K. Will take 7-8 weeks to complete. ARV $200K. Not yet in contract. My wife is a real estate agent so it wont take long I had talked to the selling agent verbally. Property located in Hammond, Louisiana. I have 22 years in the flipping business. I'm a second-generation license contractor. I have fix and flipped over a 100 deals and just recently flipped 2 in the past 2 or 3 years do to my health.
Status
Closed
Created
March 11, 2020 - 8:18am
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