Loan amount
$130,000
Loan type
As-Is Property Value
$280,000
LTV
47%
{LTV}
Property type
Single family home
Borrower Details
Credit score
708
Deal experience
4 deals
This loan scenario was submitted by a Broker
Property Details
State
New Jersey
Loan Details
Additional Loan Information
Property located in Mullica Hill NJ 08062. I own this property outright, paid cash for it. This property is situated on a 1 acre corner lot. Currently vacant. The brand new and fabulous Inspira Mullica Hill Hospital just opened and is just 10 minutes away. That makes for very good location. Many new doctors and nurses and their families are moving to the area. The house that is on the property now is in need of a full rehab, well and septic. The foundation is good and the base structure is good. But I'm looking to gut it and put in brand new everything. I've already had my general contractor give me an estimate on the total cost of the renovation. It came in at $129K. Renovation timeline 6 weeks. ARV $280-300K. Will sell once the work is complete.
Status
Closed
Created
August 28, 2020 - 11:28am
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