Loan amount
$125,000
Loan type
Purchase
{Fix&Flip}
After Repair Value
$350,000
{PP:$100,000}
ARV
36%
{ARV}
Property type
Vacant Land
Borrower Details
Credit score
500
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Summerdale
State
Alabama
Loan Details
Purchase price
$100,000
Down payment
$0
Cost of improvements
$25,000
Estimated property value after repairs
$350,000
Additional Loan Information
22 acre parcel with an unfinished cabin. Needs sheetrock, bathroom, and flooring. Value is for land only. I also have another piece of property free and clear if needed in place of down payment.
Status
Open
Created
March 26, 2022 - 2:05pm
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