Loan amount
$145,000
Loan type
Purchase
{Fix&Flip}
After Repair Value
$295,000
{PP:$85,000}
ARV
49%
{ARV}
Property type
Single Family
Borrower Details
Credit score
740
Deal experience
3 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Chattanooga
State
Tennessee
Loan Details
Purchase price
$85,000
Down payment
$5,000
Cost of improvements
$65,000
Estimated property value after repairs
$295,000
Additional Loan Information
1940s 2 story SFH, 2/2.5, Price 85,000. Requires total renovation. Offered $75,000. Needs 65,000+ rebuild. Asking to borrow $150,000. ARV $295,000, 51%.
Status
Open
Created
January 13, 2022 - 4:47pm
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