Loan amount
$105,000
Loan type
Purchase
{Fix&Flip}
After Repair Value
$350,000
{PP:$1}
ARV
30%
{ARV}
Property type
Vacant Land
Borrower Details
Credit score
520
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Purcell
State
Oklahoma
Loan Details
Down payment
$1
Cost of improvements
$105,000
Estimated property value after repairs
$350,000
Additional Loan Information
I inherited 2 parcels of undeveloped land one is 27 acres and can be zoned how ever you like and is currently for sale with a brokerage/ realtor. And the listing price is $315,000.00 and also I have a 15 acre parcelalmost directly to the south of the 27 that I would like to borrow $80000 on and pay back in one lump sum when the 27 sells wich should be with in the next 45 days I'll close and have the money.
Status
Open
Created
April 24, 2023 - 2:46pm
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