Loan amount
$155,000
Loan type
As-Is Property Value
$305,000
LTV
51%
{LTV}
Property type
Single family home
Borrower Details
Credit score
650
Deal experience
None
This loan scenario was submitted by a Broker
Property Details
State
Nebraska
Loan Details
Additional Loan Information
Under contract at $155,000. House next to our personal home. It's move in ready, but with a little improvement ($10k) value would be $210-215K. Looking to buy and hold and rent out. Value as is $195,000. Located in Lincoln, NE. We have $150K equity in current home; willing to use that as extra collateral, if needed. Right now the goal is just to get this one funded/closed. Refinance later.
Status
Closed
Created
November 12, 2019 - 2:34pm
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