Loan amount
$125,000
Loan type
Purchase
{Fix&Flip}
After Repair Value
$300,000
{PP:$125,000}
ARV
42%
{ARV}
Property type
Single Family
Borrower Details
Credit score
700
Deal experience
1 deal
This loan scenario was submitted by a Broker
No
Property Details
City
Lucama
State
North Carolina
Loan Details
Purchase price
$125,000
Down payment
$25,000
Cost of improvements
$25,000
Estimated property value after repairs
$300,000
Additional Loan Information
4 BR, 2.5 BA ranch home with 2775 heated SF on over 1 Ac. Project will be a complete renovation to modernize the home including, but not limited to, new roof, windows, floors, HVAC and appliances.
THIS IS A RURAL PROPERTY. LEAD WAS PURCHASED BY ANOTHER LENDER WHO COULD NOT FUND THE DEAL DUE TO THE RURAL PROPERTY TYPE.
THIS IS A RURAL PROPERTY. LEAD WAS PURCHASED BY ANOTHER LENDER WHO COULD NOT FUND THE DEAL DUE TO THE RURAL PROPERTY TYPE.
Status
Open
Created
May 17, 2021 - 1:18pm
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