Loan amount
$245,000
Loan type
As-Is Property Value
$360,000
LTV
69%
{LTV}
Property type
Single family home
Borrower Details
Credit score
640
Deal experience
100 deals
This loan scenario was submitted by a Broker
Property Details
State
New Jersey
Loan Details
Additional Loan Information
New construction fix and flip. The property to build is 2,000 sqft. Property located in East Orange NJ. ARV $360K. I have the appraisal for your review. I am in contract for $40K. $205K for construction. Timeline 9 months. I already have a qualified buyer. My agent that sells all of my properties will have a signed contract as soon as I own the land. She sold the client just off of the plans. I have been in the Real Estate business since 1996. I have done over 100 fix and flips.
Status
Closed
Created
July 10, 2020 - 3:48pm
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