Loan amount
$413,000
Loan type
Refinance
{Fix&Flip}
After Repair Value
$785,000
ARV
53%
{ARV}
Property type
Single Family
Borrower Details
Credit score
680
Deal experience
1 deal
This loan scenario was submitted by a Broker
No
Property Details
City
North Salt Lake
State
Utah
Loan Details
Current mortgage balance
$363,000
Cost of improvements
$50,000
Estimated property value after repairs
$785,000
Additional Loan Information
My husband and I own this home now. We're trying to raise enough money to remodel part of our home (the other part has been remodeled). We intend to sell this home as soon as the home remodel is complete to pull our equity out of the home to fund a sub-division/development/home building business we have tentatively under contract.
Status
Open
Created
April 2, 2024 - 9:15pm
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