Loan amount
$59,500
Loan type
Purchase
{Fix&Rent}
After Repair Value
$85,000
{PP:$55,000}
ARV
70%
{ARV}
Property type
Condo
Borrower Details
Credit score
744
Deal experience
3 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Maple Hts
State
Ohio
Loan Details
Purchase price
$55,000
Down payment
$5,500
Cost of improvements
$10,000
Estimated property value after repairs
$85,000
Additional Loan Information
Looking to buy 2 condos. One is $25k, the other is $30k. In a perfect world this would be a combined loan. I am fine with 2 loans, however, after inprovements they will likely be worth $40k for one and $45k for the other. Is this something you can do?
Status
Open
Created
October 9, 2023 - 11:26am
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