Loan amount
$171,000
Loan type
Purchase
{Construction}
After Repair Value
$450,000
{PP:$185,000}
ARV
38%
{ARV}
Property type
Vacant Land
Borrower Details
Credit score
720
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Statesville
State
North Carolina
Loan Details
Purchase price
$185,000
Down payment
$15,000
Cost of improvements
$1,000
Estimated property value after repairs
$450,000
Additional Loan Information
Purchase of 24 acres of vacant land to build multiple homes on. Homes will be built and rented or sold. Home construction will be funded by conventional lending options. Funds needed are for the land only.
Status
Open
Created
February 13, 2022 - 1:31pm
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