Loan amount
$325,000
Loan type
Purchase
{Fix&Rent}
After Repair Value
$500,000
{PP:$185,000}
ARV
65%
{ARV}
Property type
Multi-Family 5+ Units
Borrower Details
Credit score
680
Deal experience
1 deal
This loan scenario was submitted by a Broker
No
Property Details
City
New Orleans
State
Louisiana
Loan Details
Purchase price
$185,000
Down payment
$10,000
Cost of improvements
$150,000
Estimated property value after repairs
$500,000
Additional Loan Information
There are 3 houses in the 3lots side by side. Seller is selling for combined deal of 185K.
Main House - 2 units ( 40 K ) renovation - It self can be sold for 250K easy
Back house - 1 unit ( 50 K) renovation - It self can be sold for 150K easy
Side House - 2 units ( 60 K) renovation - It self can be sold to 200K easy
Main House - 2 units ( 40 K ) renovation - It self can be sold for 250K easy
Back house - 1 unit ( 50 K) renovation - It self can be sold for 150K easy
Side House - 2 units ( 60 K) renovation - It self can be sold to 200K easy
Status
Open
Created
January 8, 2021 - 11:17pm
Hard Money Lenders Now Offering Real Estate Investor Loans in Louisiana New Orleans | Baton Rouge | Shreveport | Lafayette | Lake Charles | Bossier City Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans