Loan amount
$150,000
Loan type
Refinance
{Fix&Flip}
After Repair Value
$1,000,000
ARV
15%
{ARV}
Property type
Single Family
Borrower Details
Credit score
740
Deal experience
2 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Anaconda
State
Montana
Loan Details
Current mortgage balance
$70,000
Cost of improvements
$80,000
Estimated property value after repairs
$1,000,000
Additional Loan Information
Building a lodge in a recreational area in Montana downhill skiing, lake with in 5 miles of this lodge ,golf . It’s a very popular snowmobile and cross country ski area right in from of our land . I have started construction of lodge and out door sauna shower house property is gorgeous as it all has frontage on Flint creek that feeds Georgetown lake . Paid 340,000 for raw land I owe 70,000 on balance to be paid next mth on the 80 acre’s bordering national forest.. would like to borrow 150,000 to pay off land and finish lodge. Bought this on a contract. Currently the property has been appraised at 650,000 on just the 40 acres the lodge sits on. This is a great air bb property lots of recreational opportunities in this area
Status
Open
Created
February 14, 2024 - 1:12pm
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