Loan amount
$100,000
Loan type
As-Is Property Value
$200,000
LTV
50%
{LTV}
Property type
Single family home
Borrower Details
Credit score
650
Deal experience
2 deals
This loan scenario was submitted by a Broker
Property Details
State
Michigan
Loan Details
Additional Loan Information
1800 square foot home in Livingston county Michigan needs full scale make over inside and out. Comps in the area show that $130 to $150 per square foot is a safe range to expect values to be at. It is expected to take us four months to finish the work and get the home listed. Purchase price $20K. Renovation budget $80K. ARV $200K. Already in contract. Property located in Unadilla, MI.
Status
Closed
Created
February 4, 2020 - 8:50pm
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