Loan amount
$400,000
Loan type
Purchase
{Fix&Flip}
After Repair Value
$700,000
{PP:$400,000}
ARV
57%
{ARV}
Property type
Other Commercial
Borrower Details
Credit score
600
Deal experience
3 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Bemidji
State
Minnesota
Loan Details
Purchase price
$400,000
Down payment
$50,000
Cost of improvements
$50,000
Estimated property value after repairs
$700,000
Additional Loan Information
Purchase property with 3bed 2bath home and 8000 sf commercial with business inventory. Sell inventory with approximately $300000 value and resell to client
Status
Open
Created
August 29, 2022 - 2:49pm
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