Loan amount
$190,000
Loan type
Purchase
{Fix&Flip}
After Repair Value
$285,000
{PP:$185,000}
ARV
67%
{ARV}
Property type
Single Family
Borrower Details
Credit score
669
Deal experience
None
This loan scenario was submitted by a Broker
Yes
Property Details
City
Noroflk
State
Virginia
Loan Details
Purchase price
$185,000
Down payment
$20,000
Cost of improvements
$25,000
Estimated property value after repairs
$285,000
Additional Loan Information
Please see the listing. The home is in cosmetic disrepair. Was built-in 1979 and needs a cosmetic update and to have the garage room inspected to have a permit issued approving the additional room and bathroom added to the home's finished living space. Then, a fresh coat of paint and the house will be ready to go. We are under contract.
Status
Closed
Created
January 28, 2021 - 1:15pm
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