Loan amount
$164,000
Loan type
Purchase
{Fix&Flip}
After Repair Value
$230,000
{PP:$115,000}
ARV
71%
{ARV}
Property type
Single Family
Borrower Details
Credit score
650
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Haysville
State
Kansas
Loan Details
Purchase price
$115,000
Down payment
$1,000
Cost of improvements
$50,000
Estimated property value after repairs
$230,000
Additional Loan Information
In contract, Closing date May 8th 2024. Partnered with experienced General Contractor team that has done over 180 flips in my market. Estimated renovation is 4 weeks but budget for 6 weeks. Sale time budgeted 2 Months to sale, for a total project time of 4 months total.
Status
Open
Created
May 2, 2024 - 2:15pm
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