Loan amount
$220,000
Loan type
Refinance {Fix&Flip}
After Repair Value
$575,000
ARV
38% {ARV}
Property type
Single Family
Borrower Details
Credit score
600
Deal experience
18 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Cullman
State
Alabama
Loan Details
Current mortgage balance
$160,000
Cost of improvements
$60,000
Estimated property value after repairs
$575,000
Additional Loan Information
Reno a 5000sf SFH that was a church into a luxury SFH. No zoning whatsoever, In Cullman Alabama which is 40 minutes from both Birmingham and Huntsville, is dead center of the 2 largest cities in the state. House is 6 minutes off I65, main NS thoroughfare of Alabama, and 10 minutes from 22000 acre very popular lake. Top rated schools. Plentiful shopping, restaurants, recreational activities. Low low crime. Stable strong housing market I’ve known for 30 years.
Status
Created
September 2, 2022 - 6:30pm

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