Loan amount
$250,000
Loan type
As-Is Property Value
$350,000
LTV
72%
{LTV}
Property type
Single family home
Borrower Details
Credit score
600
Deal experience
50 deals
This loan scenario was submitted by a Broker
Property Details
State
Nevada
Loan Details
Additional Loan Information
Purchase rehab, fix and flip residential house in Las Vegas, Nevada. Purchase price of $250K. Renovation budget of $20K. From purchase to resale is 4-6 months; need 1-year funding starting in Jan 2020. Not yet in contract. ARV $350K. Putting in 10% of the total budget with my own funds. I was a broker in California since 1986. I've brokered over 300 homes, but personally invested in approximate 50 houses for Fix and Flip.
Status
Closed
Created
October 9, 2019 - 12:33pm
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