Loan amount
$90,000
Loan type
As-Is Property Value
$170,000
LTV
53%
{LTV}
Property type
single family residence
Borrower Details
Credit score
619
Deal experience
10 deals
This loan scenario was submitted by a Broker
Property Details
State
Florida
Loan Details
Additional Loan Information
I have already purchased the property for $40K cash. I have already put a new roof on it, debris removal, inside demo, soffit, fascia and exterior paint. The total rehab cost already performed is $50,000. Based on the comps, the property should sell for $170K once completed. I have done professional rehab for a company for 10 years. I would like to do a hard money loan and get paid for the money I have put in the property already and finish the property and sell it. Remaining work includes flooring, all new kitchen, interior paint, drywall, appliances, window covering, landscaping costing an estimated $30,000. Estimated timeline for completion is up to four months. Located in Panama City, FL.
Status
Closed
Created
September 24, 2019 - 10:45pm
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