Loan amount
$1,800,000
Loan type
As-Is Property Value
$2,600,000
LTV
70%
{LTV}
Property type
Luxury Single family home
Borrower Details
Credit score
700
Deal experience
10 deals
This loan scenario was submitted by a Broker
Property Details
State
Washington
Loan Details
Additional Loan Information
Outdated 5,000 SF home is under contract for 1.8m. Seller 2nd DOT 400k. Rehab needed 300k. ARV 2.6 million quick sell price. As-is value 1.9m. I have several of these deals from some savvy investors and I am looking for lender to be able to use the seller carry as down payment in lieu of cash. LTV is low and property is in top area of Capitol Hill Seattle where homes this size sell anywhere from 2-4 million. Water views and indoor pool, with updating and adding elevator the CMA came in at 2.6-2.9 million ARV. I am a broker representing my client.
Status
Closed
Created
August 14, 2019 - 6:41am
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