Loan amount
$17,000
Loan type
As-Is Property Value
$119,000
LTV
15%
{LTV}
Property type
Single family home
Borrower Details
Credit score
639
Deal experience
1 deal
This loan scenario was submitted by a Broker
Property Details
State
New Jersey
Loan Details
Additional Loan Information
I am currently under contract for a SFR valued at $78K. The purchase price is $17K. Renovation budget $30K. 3-6 month timeline. ARV $119K. Property located in Seneca Falls, NY. Will be held as part of our rental portfolio, estimated at $1,200-1,500/month. I'm looking for a 12 month loan period (with no prepayment penalty, as loan pay-off is optimally planned within 6 months; when repairs are complete).
Status
Closed
Created
May 22, 2020 - 1:57pm
Hard Money Lenders Now Offering Real Estate Investor Loans in New Jersey Newark | Jersey City | Paterson | Elizabeth | Clifton | Trenton Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans