Loan amount
$163,000
Loan type
Purchase
{Construction}
After Repair Value
$550,000
{PP:$33,000}
ARV
30%
{ARV}
Property type
Single Family
Borrower Details
Credit score
760
Deal experience
1 deal
This loan scenario was submitted by a Broker
No
Property Details
City
Saint David
State
Arizona
Loan Details
Purchase price
$33,000
Down payment
$40,000
Cost of improvements
$170,000
Estimated property value after repairs
$550,000
Additional Loan Information
I have an owner carry loan for 71 acres with two wells with a purchase price which I put $33,000 down. I have since planted 700 pecan trees with full irrigation. I would like to build a home as an owner builder on this land and I have approximately $40,000 of my own money to use for this project.
Status
Open
Created
February 12, 2021 - 12:20pm
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