Loan amount
$75,000
Loan type
Refinance
{Fix&Rent}
After Repair Value
$115,000
ARV
65%
{ARV}
Property type
Multi-Family 1-4 Units
Borrower Details
Credit score
750
Deal experience
11 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Cleveland
State
Ohio
Loan Details
Current mortgage balance
$0
Cost of improvements
$74,999
Estimated property value after repairs
$115,000
Additional Loan Information
This is a fix to rent project. I'll be all into it for $90,000. After completion, I'll refinance and hold it as a rental that brings in $2,400/month gross rent. I've already purchased the property in cash and have started renovations.
Status
Open
Created
August 29, 2022 - 5:17pm
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