Loan amount
$85,000
Loan type
As-Is Property Value
$150,000
LTV
57%
{LTV}
Property type
single family
Borrower Details
Credit score
620
Deal experience
None
This loan scenario was submitted by a Broker
Property Details
State
Alabama
Loan Details
Additional Loan Information
The property is valued at $102K and has been put under foreclosure for $50K. 3 bed/2 bath 1686 sq ft. in a prestige historic area. Property address is 3444 Cloverdale Rd Montgomery, AL 36111. Not yet in contract. Purchase price $65K. Renovation budget $22.5K. Rehab will take 4 months. ARV $150K. Will either rent or sell after the work is complete. Loan duration of 12-18 months.
Status
Closed
Created
January 2, 2020 - 3:04pm
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