Loan amount
$62,000
Loan type
Purchase
{Fix&Flip}
After Repair Value
$135,000
{PP:$65,000}
ARV
46%
{ARV}
Property type
Single Family
Borrower Details
Credit score
711
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Meridian
State
Mississippi
Loan Details
Purchase price
$65,000
Down payment
$13,000
Cost of improvements
$10,000
Estimated property value after repairs
$135,000
Additional Loan Information
2 bed, 2 bath 1975 brick home with 1956 sq.ft on 1.5 acres. The home has a large added bonus room that will be made into the bedroom making the home a 3/2. The property is under contract and need fast closing. Appraisal and home inspections have been completed.
Status
Closed
Created
July 1, 2021 - 11:42pm
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