Loan amount
$75,000
Loan type
Refinance
{Construction}
After Repair Value
$275,000
ARV
27%
{ARV}
Property type
Single Family
Borrower Details
Credit score
750
Deal experience
2 deals
This loan scenario was submitted by a Broker
No
Property Details
City
West Blocton, AL
State
Alabama
Loan Details
Current mortgage balance
$0
Cost of improvements
$75,000
Estimated property value after repairs
$275,000
Additional Loan Information
I've built a home with my own cash from previous investments. I have it completed through the framing. Plumbing done, electrical pretty well done. I need a little more cash to finish it out. I have no mortgage on it so obviously it should have plenty of equity. It will be roughly 3500 SF when complete sitting on 3 Acres.
Status
Open
Created
May 4, 2023 - 4:06pm
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