Loan amount
$315,000
Loan type
Purchase
{Fix&Flip}
After Repair Value
$375,000
{PP:$300,000}
ARV
84%
{ARV}
Property type
Single Family
Borrower Details
Credit score
700
Deal experience
1 deal
This loan scenario was submitted by a Broker
No
Property Details
City
Vancouver
State
Washington
Loan Details
Purchase price
$300,000
Down payment
$35,000
Cost of improvements
$50,000
Estimated property value after repairs
$375,000
Additional Loan Information
A 3/2 atomic ranch needs kitchen, baths, flooring, paint, some windows, some wall repairs. Possibly roof, not sure. After rehab value is about 375K, perhaps 385K. I think 400K is a stretch. I can do most of the work myself (construction background) and what I can't do, I'll sub out via multiple bids. I anticipate that once I have the keys in my hand I can rehab it, sell it, and close within 5 months, possibly 4, but I prefer to hold it at least 90 days so it can be eligible to FHA buyers.
Status
Open
Created
March 31, 2021 - 2:00am
Hard Money Lenders Now Offering Real Estate Investor Loans in Washington Seattle | Spokane | Tacoma | Vancouver | Bellevue | Kent Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans