Loan amount
$315,000
Loan type
Purchase {Fix&Rent}
After Repair Value
$450,000 {PP:$350,000}
ARV
70% {ARV}
Property type
Multi-Family 1-4 Units
Borrower Details
Credit score
740
Deal experience
1 deal
This loan scenario was submitted by a Broker
No
Property Details
City
Buffalo
State
New York
Loan Details
Purchase price
$350,000
Down payment
$45,000
Cost of improvements
$10,000
Estimated property value after repairs
$450,000
Additional Loan Information
I have a wholesale company, looking to get funding for a buyer. Buyer has 740 credit and all docs you need for a loan. Looking for private or hard money. The property is a nice Brick 4 unit, great area, good condition but can use updates. Buyer looking for a 90% (10% down of purchase price) program that will allow them to make a quick acquisition, do some minor updates, then refinance later to hold for their portfolio.

350k price - Arv 430-470k. looking to close as soon as possible. Thanks Dave
Status
Created
August 4, 2023 - 3:19pm

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