Loan amount
$215,500
Loan type
Purchase
{Fix&Flip}
After Repair Value
$320,000
{PP:$220,101}
ARV
67%
{ARV}
Property type
Single Family
Borrower Details
Credit score
740
Deal experience
2 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Westmont
State
Illinois
Loan Details
Purchase price
$220,101
Down payment
$30,000
Cost of improvements
$25,000
Estimated property value after repairs
$320,000
Additional Loan Information
The property is a single family home and doesn't appear to have any major renovations. We will be sending 4-5 contractors out this week to confirm estimates. We are also reaching out to our investor network for those who would like to be the gap funder on the property and take a second position lien. We also have previous experience in Multifamily properties in DuPage county.
The property is under contract and we are sending an inspector out this week.
The property is under contract and we are sending an inspector out this week.
Status
Open
Created
April 4, 2022 - 7:06pm
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