Loan amount
$345,000
Loan type
Purchase {Fix&Rent}
After Repair Value
$769,850 {PP:$325,000}
ARV
45% {ARV}
Property type
Multi-Family 1-4 Units
Borrower Details
Credit score
620
Deal experience
13 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Portland
State
Oregon
Loan Details
Purchase price
$325,000
Down payment
$5,000
Cost of improvements
$25,000
Estimated property value after repairs
$769,850
Additional Loan Information
Hoping to purchase my mother inlaws house and renovate into a multi unit mixed rental generating steady monthly revenue. Ability to purchase for significantly less than evaluated/appraised worth. Renovations need are minimal and needed for the enclosing of additional units to rent. They would be completed quickly. Ability to have up to nine units of which I could rent immediately for a total monthly revenue of 15,000$. Property would appraise much closer to 1 million dollars in less than 1 years time. Completed appraisal, signed purchase agreement, single mortgage, no liens, and taxes are current.
Status
Created
January 23, 2024 - 12:40am

Hard Money Lenders Now Offering Real Estate Investor Loans in Oregon Portland | Salem | Eugene | Gresham | Hillsboro | Bend Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans