Loan amount
$164,000
Loan type
Purchase
{Fix&Flip}
After Repair Value
$297,000
{PP:$161,000}
ARV
55%
{ARV}
Property type
Condo
Borrower Details
Credit score
725
Deal experience
3 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Pompano Beach
State
Florida
Loan Details
Purchase price
$161,000
Down payment
$32,000
Cost of improvements
$35,000
Estimated property value after repairs
$297,000
Additional Loan Information
I want to purchase a 3/2 condo. Purchase price is $161k. I am going to put 20% down and renovation will cost around $30-40k, closing will be $10k. Total cost will be $206k, profit will be $91k. I would like to have a loan for 2 years.
Status
Open
Created
February 15, 2021 - 9:08pm
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