Loan amount
$165,500
Loan type
Purchase
{Construction}
After Repair Value
$350,000
{PP:$175,000}
ARV
47%
{ARV}
Property type
Single Family
Borrower Details
Credit score
608
Deal experience
6 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Wellington
State
Ohio
Loan Details
Purchase price
$175,000
Down payment
$10,000
Estimated property value after repairs
$350,000
Additional Loan Information
We own 21 acres of land our current home we live in is on 7 acres 4000 square feet 5 bedrooms 3 full baths 1 half bath living room family room office 3 car attached garage pool room with Olympic size pool and hot tub an unattached shop with a two bedroom apartment above a pond a basket ball court and free gas. Worth $989,000 we owe $48000: We would like to down size our other parcel of land that is 14 acres and included in the payoff of the mortgage. We would like to build on that land a smaller home and pole barn and sell our existing property yet in order to do that we need to build the new construction so we have somewhere to store and live while clearing out our home and doing touch up maintenance to out it on the market we would than pay the construction loan off
Status
Open
Created
July 28, 2021 - 1:10pm
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