Loan amount
$560,000
Loan type
Purchase
{Construction}
After Repair Value
$900,000
{PP:$240,000}
ARV
62%
{ARV}
Property type
Vacant Land
Borrower Details
Credit score
560
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Alachua
State
Florida
Loan Details
Purchase price
$240,000
Down payment
$30,000
Cost of improvements
$350,000
Estimated property value after repairs
$900,000
Additional Loan Information
In contract to buy 40 acres to build a house & start a farm. Just need a loan to get it & so refinance after 2 years when credit is better.
Status
Open
Created
March 24, 2022 - 5:32pm
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