Loan amount
$130,000
Loan type
As-Is Property Value
$232,000
LTV
57%
{LTV}
Property type
Single family home
Borrower Details
Credit score
584
Deal experience
10 deals
This loan scenario was submitted by a Broker
Property Details
State
Connecticut
Loan Details
Additional Loan Information
Property being flipped. Was originally financed to do 2 br 1 bath reno. Now the scope is to finish 4 br 3 bath reno. 3/4 finished. Need cashout to finish project. Looking to roll fees in as well. Was purchased for $48K. We put 10% down. Loan balance roughly $75K. Already put $50K in to the reno. $40K reno left to do. Timeline of 6-8 weeks. ARV $230K. Located in Bristol, CT.
Status
Closed
Created
December 30, 2019 - 2:37pm
Hard Money Lenders Now Offering Real Estate Investor Loans in Connecticut Bridgeport | New Haven | Stamford | Hartford | Waterbury | Norwalk Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans