Loan amount
$30,000
Loan type
As-Is Property Value
$227,000
LTV
14%
{LTV}
Property type
Single family home
Borrower Details
Credit score
650
Deal experience
2 deals
This loan scenario was submitted by a Broker
Property Details
State
Delaware
Loan Details
Additional Loan Information
I'm looking for a cash out gap/bridge loan to use to cover expenses on my 1st flip property while waiting for it to sell and to provide funding to keep the work going on my 2nd flip property. 1st property is currently worth $227K, loan balance $140K, located in New Castle, Delaware. 2nd property currently worth $145K, loan balance $93K, remaining renovation budget of $37K, ARV $191K, located in Smyrna, Delaware. Short term loan; 6 months.
Status
Closed
Created
March 9, 2020 - 11:20am
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