Loan amount
$300,000
Loan type
Purchase
{Fix&Rent}
After Repair Value
$850,000
{PP:$550,000}
ARV
35%
{ARV}
Property type
Other Commercial
Borrower Details
Credit score
775
Deal experience
2 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Marlboro
State
New Jersey
Loan Details
Purchase price
$550,000
Down payment
$350,000
Cost of improvements
$100,000
Estimated property value after repairs
$850,000
Additional Loan Information
Interested in purchasing a 6 acre property with a single family small home adjacent to million dollar development. Property can be subdivided. Beautiful area next to Colts Neck NJ. I would improve the single family home, expand my horse related business there, and sub divide and sell off part of the piece. Value is in the land and location.
Status
Open
Created
June 29, 2021 - 7:39pm
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