Loan amount
$320,000
Loan type
As-Is Property Value
$450,000
LTV
72%
{LTV}
Property type
Single family home
Borrower Details
Credit score
750
Deal experience
None
This loan scenario was submitted by a Broker
Property Details
State
Texas
Loan Details
Additional Loan Information
Looking to buy a home with fire damage to rehab and live in. The asking price is $240k but I think that is negotiable. The renovation is estimated to cost $80k and take approximately a year to complete. The estimated after repair value is between $450k and $500k. I am looking for a year long interest loan with little to no down payment to cover the construction costs and then refinance to a conventional mortgage. The property is 1518 Rosewood Dr in Keller, TX. Not yet in contract. Owner-occupied.
Status
Closed
Created
October 14, 2019 - 4:33pm
Hard Money Lenders Now Offering Real Estate Investor Loans in Texas Houston | San Antonio | Dallas | Austin | Fort Worth | El Paso Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans