Loan amount
$699,000
Loan type
Purchase
{Fix&Flip}
After Repair Value
$2,000,000
{PP:$1,400,000}
ARV
35%
{ARV}
Property type
Vacant Land
Borrower Details
Credit score
600
Deal experience
3 deals
This loan scenario was submitted by a Broker
Yes
Property Details
City
Morgan Hill
State
California
Loan Details
Purchase price
$1,400,000
Down payment
$701,500
Estimated property value after repairs
$2,000,000
Additional Loan Information
Acquire fully entitled vacant land parcel in Morgan Hill, CA. Will develop into multi unit housing. Seller must sell asap and close by 4/24. Need no doc, pure asset based 1st loan that allows for a seller carried 2nd behind new 1st.
Status
Open
Created
April 14, 2024 - 11:38am
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