Loan amount
$80,000
Loan type
As-Is Property Value
$395,000
LTV
21%
{LTV}
Property type
Single family home
Borrower Details
Credit score
580
Deal experience
27 deals
This loan scenario was submitted by a Broker
Property Details
State
Maryland
Loan Details
Additional Loan Information
Already owned. Property is under contract to sell for $395K based on the ARV once we complete the renovations required. The purchase contract is with a Health Care Agency that houses mental healthcare patients with the county and state of Maryland. Can provide all necessary documents for review. Duration for 6 months (3 months extension); 10-12% interest rate. Has a mortgage on it with another hard money lenders for $221K. Already bought all materials needed to fix up and flip.
Status
Closed
Created
March 27, 2020 - 10:49am
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