Loan amount
$120,000
Loan type
As-Is Property Value
$156,000
LTV
77%
{LTV}
Property type
Single family home
Borrower Details
Credit score
640
Deal experience
None
This loan scenario was submitted by a Broker
Property Details
State
New York
Loan Details
Additional Loan Information
The house is currently up for auction starting at $1. The assessed value is $162,646. it is a 4 bedroom, 2 bathroom, 2148 sqft house. The auction is October 8th. The plan is to flip the house; updating the kitchen and bathrooms with fresh paint and refinished floors in the rest of the house. Located in Syracuse, NY. I am a contractor. I have been in business since 1999 and have extensive remodeling experience. I would estimate the rehab budget will be $20-30K but I haven't been in the house yet. The money to rehab would come from the loan and my business account. The estimated rehab timeline is 60 days. The estimated ARV is $170-180K.
Status
Closed
Created
September 30, 2019 - 5:29pm
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