Loan amount
$43,000
Loan type
Purchase
{Fix&Flip}
After Repair Value
$100,000
{PP:$15,000}
ARV
43%
{ARV}
Property type
Single Family
Borrower Details
Credit score
550
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Camden
State
New Jersey
Loan Details
Purchase price
$15,000
Down payment
$2,000
Cost of improvements
$30,000
Estimated property value after repairs
$100,000
Additional Loan Information
the property is completely gutted. I'm a jack of all trades and been working in this field for as long as I can remember. My father owns a construction company and will be helping me with the rehab. I plan on either turning it into a duplex (2, 3 bedroom 1 bath units) or just a 4 bedroom 2 bathroom single-family home depending on the loan.
Status
Open
Created
February 4, 2021 - 7:21pm
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