Loan amount
$2,500,000
Loan type
As-Is Property Value
$3,200,000
LTV
79% {LTV}
Property type
single-family
Borrower Details
Credit score
690
Deal experience
3 deals
This loan scenario was submitted by a Broker
Property Details
State
Michigan
Loan Details
Additional Loan Information
I put in an offer for the property today. It's valued at 3.2M, it needs about 400K worth of repairs, and I can flip it for 4M once the work is completed. I'm looking for a 2.5M loan, and I will put up the necessary capital to complete the renovation and flip the home.
Status
Created
July 9, 2019 - 3:00pm

Hard Money Lenders Now Offering Real Estate Investor Loans in Michigan Detroit | Grand Rapids | Warren | Ann Arbor | Lansing | Flint Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans