Loan amount
$302,000
Loan type
Purchase
{Fix&Flip}
After Repair Value
$750,000
{PP:$278,000}
ARV
40%
{ARV}
Property type
Single Family
Borrower Details
Credit score
600
Deal experience
2 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Abbeville
State
Louisiana
Loan Details
Purchase price
$278,000
Down payment
$126,000
Cost of improvements
$150,000
Estimated property value after repairs
$750,000
Additional Loan Information
i am highly interested in restoring this historical 7 bedroom 9 bath home on 8.64 acres of land on the vermilion river to its original glory. the home is currently for sale for $278000. the homes value has ranged from $1000000 to $700000 in the past 10 years. i estimate repairs to be around 150000, however the after repair value would be $700000. the size and location of this property gives it endless potential for subdivided lots and high profit margins. i have local contractors ready to start and have completed 2 fix and flip deals in the past 2 years. i have a free and clear home with est. value of $210000 i can offer as collateral.
Status
Open
Created
February 13, 2024 - 7:45am
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