Loan amount
$235,500
Loan type
Refinance
{Fix&Flip}
After Repair Value
$300,000
ARV
79%
{ARV}
Property type
Single Family
Borrower Details
Credit score
670
Deal experience
5 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Tampa
State
Florida
Loan Details
Current mortgage balance
$185,500
Cost of improvements
$50,000
Estimated property value after repairs
$300,000
Additional Loan Information
We are looking for a new lender to take over this deal and help us get to the finish line. We ran into some budget issues because of a bad general contractor and we had to take over the project and start from scratch. We’ve ran low on funds and we would like to get a new loan to finish the project. The house is almost finished. Just needs one last push to get it done.
Status
Open
Created
September 21, 2022 - 3:42pm
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