Loan amount
$400,000
Loan type
As-Is Property Value
$650,000
LTV
62%
{LTV}
Property type
Single family home
Borrower Details
Credit score
680
Deal experience
25 deals
This loan scenario was submitted by a Broker
Property Details
State
Colorado
Loan Details
Additional Loan Information
I'm a licensed broker who flips. I've been licensed since 2001. I've flipped over 40 properties. Looking to get pre-qualified for my next flip. I don't a have a property under contract at this moment but I have been looking. The purchase price is $400K. The renovation budget is $45K. It will take 4-6 months with listing as a exit strategy. Estimated ARV will be $650K. This property is in Denver.
Status
Closed
Created
July 8, 2020 - 12:30pm
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