Loan amount
$207,000
Loan type
Refinance
{Fix&Flip}
After Repair Value
$435,000
ARV
48%
{ARV}
Property type
Single Family
Borrower Details
Credit score
545
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Mesa
State
Arizona
Loan Details
Current mortgage balance
$157,000
Cost of improvements
$50,000
Estimated property value after repairs
$435,000
Additional Loan Information
Looking to complete repairs and updates in 6 to 8 months and sell for profit.home was appraised 6 months ago at 400,000 but didn't take into account some of the repairs.20+ yrs in residential construction from new build to remodel.Owner of custom Woodcraft.
Status
Open
Created
October 14, 2022 - 11:09am
Hard Money Lenders Now Offering Real Estate Investor Loans in Arizona Phoenix | Tuscon | Mesa | Chandler | Scottsdale | Glendale Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans