Loan amount
$145,000
Loan type
Purchase
{Construction}
After Repair Value
$200,000
{PP:$55,000}
ARV
73%
{ARV}
Property type
Vacant Land
Borrower Details
Credit score
635
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Alum Bank
State
Pennsylvania
Loan Details
Purchase price
$55,000
Down payment
$10,000
Cost of improvements
$100,000
Estimated property value after repairs
$200,000
Additional Loan Information
To start with it would be fenced in and split in different pasture areas. Raise cattle for market and showing.
Their is a large run in barn on the property at this time. This will be used for shelter. Their is a metal building onsite at this time. That would be used for housing until a house can be built. Their is city sewer available. Will need to install a well for water.
Their are solar panels in place right now for power. Would be getting permanent power in the future.
Their is a large run in barn on the property at this time. This will be used for shelter. Their is a metal building onsite at this time. That would be used for housing until a house can be built. Their is city sewer available. Will need to install a well for water.
Their are solar panels in place right now for power. Would be getting permanent power in the future.
Status
Closed
Created
April 26, 2022 - 8:27pm
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