Loan amount
$105,000
Loan type
As-Is Property Value
$165,000
LTV
64%
{LTV}
Property type
Single family home
Borrower Details
Credit score
600
Deal experience
1 deal
This loan scenario was submitted by a Broker
Property Details
State
Virginia
Loan Details
Additional Loan Information
Planning to purchase 2-3 distressed properties this quarter to repair, renovate, and resell. Evaluating leads for single-family homes. Found several deals in the area and would like to make offers. Seeking a HML to fund deals. POF letter needed to accompany offers. Current deal: ARV $215K, As-Is value $165K, Repair Estimates $55K, and Purchase Price $105K. Renovation timeline 3 months. Property located in Henrico, VA.
Status
Closed
Created
September 1, 2020 - 3:09pm
Hard Money Lenders Now Offering Real Estate Investor Loans in Virginia Virginia Beach | Chesapeake | Norfolk | Richmond | Newport News | Alexandria Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans