Loan amount
$185,000
Loan type
Refinance
{Fix&Flip}
After Repair Value
$475,000
ARV
39%
{ARV}
Property type
Single Family
Borrower Details
Credit score
600
Deal experience
2 deals
This loan scenario was submitted by a Broker
Yes
Property Details
City
Tampa
State
Florida
Loan Details
Current mortgage balance
$90,000
Cost of improvements
$95,000
Estimated property value after repairs
$475,000
Additional Loan Information
client is a licensed general contractor, she purchase subject in 10/2020 for 170,000 and she owes 90,000. She needs loan of 250,000 to go to payoff first, rehab money of 95,000, cover closing costs and minimal cash out.
Status
Open
Created
August 26, 2021 - 10:10am
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