Loan amount
$1,000,000
Loan type
Refinance
{Construction}
After Repair Value
$1,300,000
ARV
77%
{ARV}
Property type
Multi-Family 1-4 Units
Borrower Details
Credit score
640
Deal experience
1 deal
This loan scenario was submitted by a Broker
No
Property Details
City
AKRON
State
Ohio
Loan Details
Current mortgage balance
$0
Cost of improvements
$1,000,000
Estimated property value after repairs
$1,300,000
Additional Loan Information
I WOULD LIKE TO USE EQUITY IN PROPERTY TO REHAB FOR RENTAL PROPERTY COMMERCIAL. ALSO NEW GROUND UP CONSTRUCTION FOR 3 DUPLEXES AND ADDITIONAL 4 UNIT APARTMENT
Status
Open
Created
October 7, 2021 - 9:50am
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