Loan amount
$210,000
Loan type
Refinance
{Fix&Flip}
After Repair Value
$325,000
ARV
65%
{ARV}
Property type
Multi-Family 1-4 Units
Borrower Details
Credit score
650
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Albany
State
New York
Loan Details
Current mortgage balance
$100,000
Cost of improvements
$109,999
Estimated property value after repairs
$325,000
Additional Loan Information
Brick townhouse in up and coming city of Albany, NY, Minutes walking distance from state office buildings and conveniences. Work almost completed. Will fully lease this spring/summer, long term refinance or sale. With above average materials, the ARV will be slightly above $300K.
Status
Open
Created
February 6, 2023 - 11:26am
Hard Money Lenders Now Offering Real Estate Investor Loans in New York Buffalo | Rochester | Yonkers | Syracuse | Albany | Spring Valley Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans