Loan amount
$210,000
Loan type
As-Is Property Value
$266,000
LTV
79% {LTV}
Property type
Single Family
Borrower Details
Credit score
735
Deal experience
4 deals
This loan scenario was submitted by a Broker
Property Details
State
New Hampshire
Loan Details
Additional Loan Information
We have an accepted offer on a single family residence in the amount of 217,000. The home is currently assessed at 266,000 with market value even higher. The residence is in great condition with a need for some cosmetic updating. The current owner occupied the residence for 48 years and has recently moved in with her out of area children. The family is looking to unload the property asap as they are not in the area. Our intention is to put 15,000 of cosmetic updates into the home and flip it for 279,000-299,000 within 4 months. This is the most desirable neighborhood within the community of Gilford. It is within walking distance to the athletic fields, schools and the village. All numbers have been confirmed prior to our offer through real estate agents and market analysis. We are looking for creative financing to get this project rolling asap. My husband and I will be joinly filing for financing. We are both employed full time and in addition own a successful business in the Lakes Region. Our total annual income for the household is approximately 220,000.
Status
Created
November 19, 2019 - 10:06am

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