Loan amount
$398,000
Loan type
Purchase {Construction}
After Repair Value
$450,000 {PP:$150,000}
ARV
88% {ARV}
Property type
Vacant Land
Borrower Details
Credit score
580
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Atlanta
State
Georgia
Loan Details
Purchase price
$150,000
Down payment
$2,000
Cost of improvements
$250,000
Estimated property value after repairs
$450,000
Additional Loan Information
To build a new house within the the city of Atlanta on a vacant property that has water and sewage already. The neighborhood is being revitalized and the average comps are going between $250k to 375k for revitalized for a 1500 square ft. House. I have the plans and an elevated prospective lot that would be included in the loan.
Status
Created
May 2, 2021 - 4:51am

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