Loan amount
$100,000
Loan type
As-Is Property Value
$245,000
LTV
41%
{LTV}
Property type
Single family home
Borrower Details
Credit score
562
Deal experience
1000 deals
This loan scenario was submitted by a Broker
Property Details
State
Alabama
Loan Details
Additional Loan Information
Fix and flip in hot, historic downtown Birmingham neighborhood. Last home here listed on 3/27 & sold on 3/29, 2 blocks from this property. Property has been purchased for $14K and is owned free and clear; current value $47K. House was under contract for over 2 years due to one spouse on title dying right after we went into contract. Probate lasted till recently. Renovation budget $90K. ARV $245K. Timeline 120 days.
Status
Closed
Created
April 6, 2020 - 9:52am
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