Loan amount
$40,000
Loan type
Refinance
{Fix&Flip}
After Repair Value
$120,000
ARV
33%
{ARV}
Property type
Single Family
Borrower Details
Credit score
503
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
New Castle
State
Pennsylvania
Loan Details
Current mortgage balance
$0
Cost of improvements
$40,000
Estimated property value after repairs
$120,000
Additional Loan Information
Plan is to get roof replaced and do a complete tear down/rebuild of the front and back porches and have the kitchen finished. Myself and my wife own the property out right with no payments left on it. The property has a detached 2 story garage on it that is unfinished but adds a lot of value to it. The driveway is unfinished and getting that done would also add plenty of value.
Status
Open
Created
April 26, 2022 - 7:35pm
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