Loan amount
$1,675,000
Loan type
Purchase
{Fix&Flip}
After Repair Value
$4,375,000
{PP:$1,675,000}
ARV
38%
{ARV}
Property type
Mobile Home Park
Borrower Details
Credit score
700
Deal experience
3 deals
This loan scenario was submitted by a Broker
Yes
Property Details
City
Tampa
State
Florida
Loan Details
Purchase price
$1,675,000
Down payment
$1,750,000
Cost of improvements
$1,750,000
Estimated property value after repairs
$4,375,000
Additional Loan Information
Acquire 25 home subdivision, sell off /remove existing mobile homes, and buy and install new homes, then sell individual homes. The result ends up as an all brand new, 25 home, real property subdivision. No common areas, no HOA.
Status
Open
Created
February 11, 2021 - 6:43pm
Hard Money Lenders Now Offering Real Estate Investor Loans in Florida Orlando | Tampa | Miami | Jacksonville | Gainesville | Tallahasee Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans