Loan amount
$50,000
Loan type
Refinance
{Fix&Flip}
After Repair Value
$150,000
ARV
33%
{ARV}
Property type
Vacant Land
Borrower Details
Credit score
600
Deal experience
1 deal
This loan scenario was submitted by a Broker
No
Property Details
City
Fernandina Beach
State
Florida
Loan Details
Current mortgage balance
$0
Cost of improvements
$50,000
Estimated property value after repairs
$150,000
Additional Loan Information
I own with the deed a .56 AC lot on a marsh creek in a growing neighborhood. I just started a construction business there are no mortgages or loans on the land but I would like to clear a few more trees add some dirt and a dock and put it on the market ASAP for $175000 or $200000 for a ready-build look. There are a couple of lots just put up for sale next to me and in the 1-mile radius ranging from $1.2 million to as low as $150000.
Status
Open
Created
November 7, 2023 - 11:46am
Hard Money Lenders Now Offering Real Estate Investor Loans in Florida Orlando | Tampa | Miami | Jacksonville | Gainesville | Tallahasee Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans