Loan amount
$775,000
Loan type
As-Is Property Value
$945,000
LTV
83%
{LTV}
Property type
Single family home
Borrower Details
Credit score
810
Deal experience
5 deals
This loan scenario was submitted by a Broker
Property Details
State
Alabama
Loan Details
Additional Loan Information
8 bed 8 bath cabin in Pigeon Forge, TN. Short term vacation rentals. Excellent rental history and excellent rental area. Priced below market value. Needs minor repairs. Purchase price $775K. 10% down. Renovation budget $85,750. Timeline of 2 months. ARV $903K-1.08M. Not yet in contract. Estimated monthly rental income $16K. Loan duration 4-6 months.
Status
Closed
Created
May 22, 2020 - 11:03am
Hard Money Lenders Now Offering Real Estate Investor Loans in Alabama Birmingham | Montgomery | Huntsville | Mobile | Tuscaloosa | Hoover Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans