Loan amount
$20,000
Loan type
As-Is Property Value
$245,000
LTV
9%
{LTV}
Property type
Single family home
Borrower Details
Credit score
635
Deal experience
None
This loan scenario was submitted by a Broker
Property Details
State
Ohio
Loan Details
Additional Loan Information
Want to use the equity in my current house to flip another. Owner-occupied. Current market value of $245K. Mortgage balance $190K. Property located in Middletown, Ohio. Flip property was inherited by my Daughter from her Grandfather. Renovation budget $20K. Renovation timeline of 4-5 months. ARV $70K. Flip property located in Berea, KY.
Status
Closed
Created
February 27, 2020 - 10:30am
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