Loan amount
$185,000
Loan type
As-Is Property Value
$260,000
LTV
72%
{LTV}
Property type
Single family home
Borrower Details
Credit score
484
Deal experience
None
This loan scenario was submitted by a Broker
Property Details
State
Indiana
Loan Details
Additional Loan Information
This is a beautiful 3 bedroom 2 bath home. It is 1,934 SqFt and was built in 1938. It's a fixer upper and I am looking to fix and flip this property. The purchase price is $140K. The current property value is estimated at $217K. After renovations with a budget of $50K, this property could sell for $260K or more. I plan to have all renovations complete in 3 months. It's located in Newburgh, Indiana. Not yet in contract.
Status
Closed
Created
January 3, 2020 - 9:42am
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