Loan amount
$80,000
Loan type
As-Is Property Value
$150,000
LTV
54%
{LTV}
Property type
Single family home
Borrower Details
Credit score
617
Deal experience
None
This loan scenario was submitted by a Broker
Property Details
State
Texas
Loan Details
Additional Loan Information
Purchase property, renovations with local contracting, finish within 1-2 months. Rent out, go to local bank for appraisal then refinance. Purchase price $60-70K. 10-15% down. Renovation budget $10-15K. ARV $100K+. Not yet in contract. Property located in Brownsville, TX. Estimated monthly rental income $800-1000.
Status
Closed
Created
August 30, 2020 - 9:57am
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