Loan amount
$240,000
Loan type
Refinance
{Fix&Rent}
After Repair Value
$425,000
ARV
56%
{ARV}
Property type
Single Family
Borrower Details
Credit score
760
Deal experience
7 deals
This loan scenario was submitted by a Broker
Yes
Property Details
City
Philadelphia
State
Pennsylvania
Loan Details
Current mortgage balance
$210,000
Cost of improvements
$30,000
Estimated property value after repairs
$425,000
Additional Loan Information
The client must complete their property flip, but their current lender has ceased operations and recalled all loans. As a result, the client needs to refinance in order to complete the rehabilitation. Client needs to close by next week.
Status
Open
Created
April 28, 2023 - 12:29pm
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