Loan amount
$152,000
Loan type
Purchase {Construction}
After Repair Value
$290,000 {PP:$12,000}
ARV
52% {ARV}
Property type
Single Family
Borrower Details
Credit score
720
Deal experience
4 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Chiloquin
State
Oregon
Loan Details
Purchase price
$12,000
Down payment
$10,000
Cost of improvements
$150,000
Estimated property value after repairs
$290,000
Additional Loan Information
I own five lots free and clear that i want to build new home's on and sell. My dad is a retired construction superintendent of 30 years and i have worked with him on several projects over the years he will be working with me to teach me the managing side of the business. He wants this to be business going forward. He is a certified project manager and estimator i would like to use my lots as my down payment for loan.
Status
Created
February 12, 2022 - 2:34am

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