Loan amount
$1,000,000
Loan type
Refinance
{Fix&Rent}
After Repair Value
$2,900,000
ARV
34%
{ARV}
Property type
Single Family
Borrower Details
Credit score
700
Deal experience
2 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Edgewater
State
Maryland
Loan Details
Current mortgage balance
$0
Cost of improvements
$1,000,000
Estimated property value after repairs
$2,900,000
Additional Loan Information
Currently own this water front home located on the South River. Fabulous water view. Existing deep water for boat owners. Loan Balance, $700,000. Plan to increase the size of a 2400 sf 4 bedroom 2.5 bath home on the water to a 3400 sf 6 bedroom with 3.5 baths
Status
Open
Created
July 2, 2023 - 9:21am
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