Loan amount
$420,000
Loan type
Purchase
{Fix&Flip}
After Repair Value
$859,000
{PP:$400,000}
ARV
49%
{ARV}
Property type
Multi-Family 1-4 Units
Borrower Details
Credit score
630
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Brooklyn
State
New York
Loan Details
Purchase price
$400,000
Down payment
$0
Cost of improvements
$20,000
Estimated property value after repairs
$859,000
Additional Loan Information
Foreclosed property in Brooklyn NY, presently active in need of minor repairs. At present inquiring about the process while scouting out possible investment properties to flip. I have worked in the construction field for the past eight years and have all necessary skills and contacts in Brooklyn to facilitate a timely refurbishment.
Status
Open
Created
June 11, 2021 - 1:19pm
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