Loan amount
$40,000
Loan type
As-Is Property Value
$100,000
LTV
40%
{LTV}
Property type
Single family home
Borrower Details
Credit score
630
Deal experience
2 deals
This loan scenario was submitted by a Broker
Property Details
State
Wisconsin
Loan Details
Additional Loan Information
4 bedroom ranch style home that is currently a foreclosure. Tax assessed at $110K. Home needs minor repairs to qualify for conventional financing. Looking to offer up to $65K. Have $40K cash; looking to borrow $40K to complete repairs. List home for $160K when done. This would be my 3rd flip. Did 2 this year. Timeline is 5 months. Located just outside of Osseo WI on 2.2 acres of land. 20 Minutes from Eau Claire WI.
Status
Closed
Created
December 16, 2019 - 11:03pm
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