Loan amount
$165,000
Loan type
Purchase
{Fix&Flip}
Property value
$215,000
{PP:$0}
ARV
77%
{ARV}
Property type
Single Family
Credit score
720
Deal experience
5 deals
This loan scenario was submitted by a Broker
No
State
New York
Down payment
$0
Additional Loan Information
Currently under contract for a 2bd/1ba SFH in South Colonie school district for $87,000 on a 0.25 acre lot; NY licensed architect is currently drawing up plans for a 3bd/2ba renovation that would cost ~$60,000 - $75,000 and have an after renovation value of $215,000 (conservatively). Once construction is finished, I would cash-out refinance and repay the short-term bridge financing.
Status
Open
Created
December 24, 2020 - 11:19am
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