Loan amount
$300,000
Loan type
Refinance
{Construction}
After Repair Value
$600,000
ARV
50%
{ARV}
Property type
Single Family
Borrower Details
Credit score
555
Deal experience
1 deal
This loan scenario was submitted by a Broker
No
Property Details
City
Howell
State
Michigan
Loan Details
Current mortgage balance
$250,000
Cost of improvements
$50,000
Estimated property value after repairs
$600,000
Additional Loan Information
We own a 4,000 sq ft victorian mansion on land contract and owe 250,000. It is more than halfway renovated. Super special property on one acre. Looking for non QM loan, high interest is ok, just need the loan. Looking for 250k-350k.
Status
Open
Created
August 14, 2021 - 11:08am
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