Loan amount
$5,000,000
Loan type
Refinance
{Fix&Flip}
After Repair Value
$8,000,000
ARV
63%
{ARV}
Property type
Other Commercial
Borrower Details
Credit score
520
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Rodney
State
Mississippi
Loan Details
Current mortgage balance
$0
Cost of improvements
$5,000,000
Estimated property value after repairs
$8,000,000
Additional Loan Information
I'm looking to restore my town to 2021 standards and get ready for occupancy. I plan to flip it at that point of time and it will be able to yield much value to its new landlords! The infrastructure needs rebuilding and the structures need modifications. And a few more need to be added.
Status
Open
Created
April 25, 2021 - 11:05am
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