Loan amount
$135,000
Loan type
As-Is Property Value
$277,000
LTV
49%
{LTV}
Property type
Single family home
Borrower Details
Credit score
810
Deal experience
8 deals
This loan scenario was submitted by a Broker
Property Details
State
Alaska
Loan Details
Additional Loan Information
The home is a ranch style 3 bed 1 bath house, 1008 sq ft in need of cosmetic repairs and some major renovations to the kitchen and bathroom. The property is a foreclosure listed at 96k. Multiple investors are scouting the property and I feel comfortable offering 110k to secure the property. It will need about $25k in total repairs for a total investment of $135k. An exact replica of the home a few streets over was sold two weeks ago for $277k. I feel there is plenty of equity in the project. his property is in Anchorage Alaska. I plan to sell it once the renovations are completed.
Status
Closed
Created
December 31, 2019 - 1:59pm
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