Loan amount
$71,000
Loan type
Purchase {Fix&Rent}
After Repair Value
$160,000 {PP:$50,000}
ARV
44% {ARV}
Property type
Single Family
Borrower Details
Credit score
480
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Calumet City
State
Illinois
Loan Details
Purchase price
$50,000
Down payment
$14,000
Cost of improvements
$35,000
Estimated property value after repairs
$160,000
Additional Loan Information
Just starting out, in partnership. Have a partner in good standing for refinance after repairs are done to house. Just needing funding on distressed foreclosure, we have a team in place for renovations also
Status
Created
March 24, 2023 - 12:39pm

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