Loan amount
$125,000
Loan type
As-Is Property Value
$225,000
LTV
56%
{LTV}
Property type
Single family home
Borrower Details
Credit score
550
Deal experience
3 deals
This loan scenario was submitted by a Broker
Property Details
State
Ohio
Loan Details
Additional Loan Information
Old historical type property with some updates, but major deferred maintenance. Two blocks from the center of town that is experiencing rapid development. Will offer $50K. Renovation budget $75K, assuming the roof needs to be replaced. Rehab will take 6-9 months. ARV $225K. Not yet in contract. Located in Troy, OH. My daughter and her financee will occupy the home once the work is complete. Loan duration 24 months.
Status
Closed
Created
February 21, 2020 - 1:05pm
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