Loan amount
$92,000
Loan type
As-Is Property Value
$195,000
LTV
48%
{LTV}
Property type
Single family home
Borrower Details
Credit score
591
Deal experience
1 deal
This loan scenario was submitted by a Broker
Property Details
State
Alabama
Loan Details
Additional Loan Information
I am looking to purchase a 4 bedroom 3 bath, 2988 square foot home in Mobile Alabama to flip. Based on research of the market in that area and the comps we received from a realtor $195,000 is a conservative ARV for the property. We are estimating $30,000 for repairs and we are offering $85,100. We are planning to be finished with the work and have it listed in three months. I have put in an offer but it is not under contract yet.
Status
Closed
Created
October 7, 2019 - 3:06pm
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