Loan amount
$480,000
Loan type
Purchase
{Fix&Flip}
After Repair Value
$750,000
{PP:$500,000}
ARV
64%
{ARV}
Property type
Single Family
Borrower Details
Credit score
725
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Scottsdale
State
Arizona
Loan Details
Purchase price
$500,000
Down payment
$25,000
Cost of improvements
$5,000
Estimated property value after repairs
$750,000
Additional Loan Information
My clients are selling their home to me for $500k, the home is worth $750k as is. I am under contract and closing on January 15th. I am not doing any renovations, I am purchasing the home, cleaning it up, listing and selling the home.
Status
Open
Created
December 30, 2022 - 3:36pm
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