Loan amount
$145,000
Loan type
As-Is Property Value
$160,000
LTV
91%
{LTV}
Property type
Single family home
Borrower Details
Credit score
625
Deal experience
1 deal
This loan scenario was submitted by a Broker
Property Details
State
Kentucky
Loan Details
Additional Loan Information
In contract for $145K. Residential vacation rental, plus additional lot with utilities in place, easy addition of bedrooms and bath. Looking for 100% financing. The property is located outside of Campton, KY in Cliffview resort, a gated restricted resort. I am a buy and hold investor, once the renovation is complete I will be refinancing and putting the property on the lease rental program where the management company is responsible for the mortgage, insurance and taxes as well as the marketing and nightly rental. Term 24 to 36 months.
Status
Closed
Created
July 13, 2020 - 4:20pm
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