Loan amount
$726,000
Loan type
As-Is Property Value
$1,100,000
LTV
66% {LTV}
Property type
Single family home
Borrower Details
Credit score
610
Deal experience
1 deal
This loan scenario was submitted by a Broker
Property Details
State
Texas
Loan Details
Additional Loan Information
We are currently under contract to purchase a investment property which we would like to make some repairs and updates to and than sell the home as quickly as possible. The home is a 5000 sqft Mediterranean style home. We had been working with a broker to help us secure funding only to find out after 50 days the broker was not legit. He made us believe we had a lender when we actually did not. So we are now left scrambling trying to find a lender to work with us. Purchase price $676K. Renovation budget $50K. ARV $1.1M. Property located in Bullard, TX.
Status
Created
March 6, 2020 - 5:00pm

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