Loan amount
$77,500
Loan type
As-Is Property Value
$135,000
LTV
58%
{LTV}
Property type
Single family home
Borrower Details
Credit score
620
Deal experience
None
This loan scenario was submitted by a Broker
Property Details
State
Virginia
Loan Details
Additional Loan Information
Fix and flip. I have a property under contract currently. The purchase price is $57,500, the ARV is approximately $135K. I have a contractor's estimate that says the maximum rehab amount will be $20K. I do not have any flipping experience however due diligence on this deal has been done completely and I can bring 30% of this deal to the table to prove seriousness. 6 month timeline. Property located in Portsmouth, VA 23702.
Status
Closed
Created
April 28, 2020 - 8:39am
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