Loan amount
$50,000
Loan type
As-Is Property Value
$120,000
LTV
42%
{LTV}
Property type
Single family home
Borrower Details
Credit score
550
Deal experience
1 deal
This loan scenario was submitted by a Broker
Property Details
State
Virginia
Loan Details
Additional Loan Information
I want to build a house and sell it. I have the land and I have enough to get the house foundation and framed. Purchased land with cash. I need the loan to finish the home and sell it. Total construction budget $70-80K. Construction timeline 3-6 months. Estimated value after construction $115-130K. Property located in Suffolk, VA.
Status
Closed
Created
August 6, 2020 - 10:51am
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