Loan amount
$398,000
Loan type
Purchase
{Fix&Flip}
After Repair Value
$500,000
{PP:$350,000}
ARV
80%
{ARV}
Property type
Single Family
Borrower Details
Credit score
600
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Traverse City
State
Michigan
Loan Details
Purchase price
$350,000
Down payment
$27,000
Cost of improvements
$75,000
Estimated property value after repairs
$500,000
Additional Loan Information
I am a Realtor in the Traverse City, MI area. I have helped my client buy and sell over $30,000,000 worth of the real estate. After my divorce 2-years ago, my credit score and resource have become very limited. I am looking for a lender partner to help me as well as my clients create personal wealth through real estate. But with my minimal amount of experience in actually investing, I will need some guidance in getting started. Thank you!
Status
Open
Created
March 31, 2022 - 1:07pm
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