Loan amount
$65,000
Loan type
As-Is Property Value
$104,000
LTV
63%
{LTV}
Property type
Single family home
Borrower Details
Credit score
663
Deal experience
3 deals
This loan scenario was submitted by a Broker
Property Details
State
Illinois
Loan Details
Additional Loan Information
Property located in Chicago, IL. In foreclosure sitting in auction at $18K and a reserve price of $21,900 set by the seller. I would set a max bid of $35K. Current value $98K. Renovation budget $20K. 1 month timeline. ARV $104K. Plan to hold as a rental, charging $1,500/month. Looking for a loan duration of 2-5 years at a max of 12% Interest.
Status
Closed
Created
April 27, 2020 - 8:00am
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