Loan amount
$1,440,000
Loan type
Purchase
{Fix&Flip}
After Repair Value
$2,200,000
{PP:$1,350,000}
ARV
65%
{ARV}
Property type
Multi-Family 1-4 Units
Borrower Details
Credit score
620
Deal experience
3 deals
This loan scenario was submitted by a Broker
Yes
Property Details
City
Washinton DC
State
District of Columbia
Loan Details
Purchase price
$1,350,000
Down payment
$160,000
Cost of improvements
$250,000
Estimated property value after repairs
$2,200,000
Additional Loan Information
Small old church in DC. Putting in 3 units. Zoning is complete and project is ready to go. Appraisal was just done by lender that will only give is 75% LTV Looking for at least 85%.
Status
Open
Created
August 9, 2021 - 9:25am
