Loan amount
$290,000
Loan type
Purchase
{Construction}
After Repair Value
$375,000
{PP:$100,000}
ARV
77%
{ARV}
Property type
Vacant Land
Borrower Details
Credit score
630
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Corrigan
State
Texas
Loan Details
Purchase price
$100,000
Down payment
$10,000
Cost of improvements
$200,000
Estimated property value after repairs
$375,000
Additional Loan Information
Improved Land for 85K. Land appraised at 115K. Would like loan to purchase and hold for "future" construction.
Status
Open
Created
April 9, 2022 - 10:50pm
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