Loan amount
$300,000
Loan type
Refinance
{Fix&Rent}
After Repair Value
$900,000
ARV
33%
{ARV}
Property type
Multi-Family 1-4 Units
Borrower Details
Credit score
500
Deal experience
3 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Wilmington
State
Delaware
Loan Details
Current mortgage balance
$0
Cost of improvements
$300,000
Estimated property value after repairs
$900,000
Additional Loan Information
This project is already purchased for 140,000. Rehab will be 325,000-$350,000 ARV is 900,000- 1.2 mil. We originally had a 203k in place but mortgage company got sold and new Mortgage company does not do 203k loans. We have been stuck and just need assistance with getting this 4 unit 2bed 1 and commercial space fully rehabbed
Status
Open
Created
February 23, 2024 - 2:40am
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