Loan amount
$30,000
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$65,000
{PP:$35,000}
LTV
46%
{LTV}
Property type
Single Family
Borrower Details
Credit score
500
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Clarksburg
State
West Virginia
Loan Details
Purchase price
$35,000
Down payment
$5,000
Additional Loan Information
I would like to completely renovate this property from top to bottom and have the income to do so I just don’t have the available cash to purchase the property.
I have over 15 years experience in the construction industry and could bring this property back to being one of the jewels in Clarksburgs history.
The house was built around 1910 and was home to many prominent families and in its most recent life was the offices of the Italian Heritage Foundation.
I am judging my needs based on purchase and closing costs (which will be lower but I want to make sure I have the available funds so I don’t lose it).
I have over 15 years experience in the construction industry and could bring this property back to being one of the jewels in Clarksburgs history.
The house was built around 1910 and was home to many prominent families and in its most recent life was the offices of the Italian Heritage Foundation.
I am judging my needs based on purchase and closing costs (which will be lower but I want to make sure I have the available funds so I don’t lose it).
Status
Open
Created
April 21, 2022 - 9:07pm
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