Loan amount
$225,000
Loan type
As-Is Property Value
$300,000
LTV
75%
{LTV}
Property type
Condominium
Borrower Details
Credit score
720
Deal experience
None
This loan scenario was submitted by a Broker
Property Details
State
Florida
Loan Details
Additional Loan Information
We would like to purchase and rehab this condominium. $225,000 would cover purchase price, rehab cost and related fees. We plan on living in this property when we relocate in about 12 months. There is a current property for sale, listed in excess of $300k, it has been rehabbed, I am confident of the value of the property. We just can’t afford traditional financing until 11-12 months have passed. Looking for an outside the box way of obtaining this property. We consider it a good investment.
Status
Closed
Created
June 26, 2019 - 12:29pm
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