Loan amount
$47,500
Loan type
As-Is Property Value
$110,000
LTV
44%
{LTV}
Property type
Single family home
Borrower Details
Credit score
574
Deal experience
5 deals
This loan scenario was submitted by a Broker
Property Details
State
Missouri
Loan Details
Additional Loan Information
Looking to purchase single family home at 8438 High St, Cedar Hill, MO 63016. Purchase price is $37.5K. Will put the remaining $10K towards repairs on the house bringing the ARV to $138K. This property will be owner-occupied. I will be putting up land that I've owned for 38 years as additional collateral. The land is 9.2 acres and has 2 cell towers. Sold leases in 2012 and contract for future revenue. Right now, I have 2 renters in a small building on it at about $4800 per year. The address is 7377 hwy B.B. union Missouri.
Status
Closed
Created
October 15, 2019 - 6:29pm
Hard Money Lenders Now Offering Real Estate Investor Loans in Missouri Kansas City | St Louis | Springfield | Columbia | Independence | St Charles Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans