Loan amount
$100,000
Loan type
Purchase
{Fix&Flip}
After Repair Value
$147,000
{PP:$55,000}
ARV
68%
{ARV}
Property type
Single Family
Borrower Details
Credit score
720
Deal experience
2 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Greeneville
State
Tennessee
Loan Details
Purchase price
$55,000
Down payment
$10,000
Cost of improvements
$55,000
Estimated property value after repairs
$147,000
Additional Loan Information
This is a single family residence under contract for $55K. Rehab is $55K and ARV is $147K. I have been a real estate professional for 10 years now, and have done two rehab projects in the past 2 years. I'm buying the property under my LLC, . My personal credit is only 549, but I have a credit partner with a 720 credit score. We're looking to close quickly, as we've already been waiting 6 months with our current lender.
Status
Open
Created
January 17, 2021 - 11:32pm
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