Loan amount
$907,500
Loan type
Purchase
{Construction}
Property value
$1,350,000
{PP:$160,000}
ARV
67%
{ARV}
Property type
Vacant Land
Credit score
575
Deal experience
None
This loan scenario was submitted by a Broker
No
City
Los Angeles
State
California
Purchase price
$160,000
Down payment
$2,500
Cost of improvements
$750,000
Estimated property value after repairs
$1,350,000
Additional Loan Information
I’m in escrow on a lot. I’m looking to build an 1100 sq ft main house with 400 sq ft ADU. The lot is $160,000. The construction budget is 750,000. Comps in the area start at $1,220,000.
Status
Pending review: Please check your email. We will be sending you follow-up questions, if needed. Be sure to check your spam folder.
Created
April 21, 2022 - 8:15pm
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