Loan amount
$795,000
Loan type
Purchase
{Fix&Flip}
After Repair Value
$1,400,000
{PP:$825,000}
ARV
57%
{ARV}
Property type
Other Commercial
Borrower Details
Credit score
720
Deal experience
2 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Yucaipa
State
California
Loan Details
Purchase price
$825,000
Down payment
$40,000
Cost of improvements
$10,000
Estimated property value after repairs
$1,400,000
Additional Loan Information
Commercially zoned 3.54 acre parcel on main thoroughfare. There is a 1944 built SFR and detached garage that is abandoned. I plan on removing the house and marketing the property.
Status
Open
Created
June 6, 2021 - 4:59pm
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