Loan amount
$150,000
Loan type
As-Is Property Value
$225,000
LTV
67%
{LTV}
Property type
Single family home
Borrower Details
Credit score
609
Deal experience
1 deal
This loan scenario was submitted by a Broker
Property Details
State
Ohio
Loan Details
Additional Loan Information
Cash out refinance. Use some funds to rehab into rental. Not currently occupied. Mortgage balance $49,700. Renovation budget of $20,000. Work will take 1-2 months. ARV $225K. Located in Parma, OH. Estimated rental income of $1,500/month. Loan duration of 12-36 months.
Status
Closed
Created
December 26, 2019 - 12:58pm
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