Loan amount
$80,000
Loan type
As-Is Property Value
$110,000
LTV
73%
{LTV}
Property type
Single family home
Borrower Details
Credit score
580
Deal experience
None
This loan scenario was submitted by a Broker
Property Details
State
Virginia
Loan Details
Additional Loan Information
A home I am familiar with is for sale for $67K; I believe I can get it for $50K. 2 houses down from my own home. This property is in a prime area but does need to be remodeled. I have successfully remodeled 2 of my own homes. The reno budget would be $25K. 6-8 month timeline. ARV at least $110K. I am not in contract. This home is located in Bedford, Virginia.
Status
Closed
Created
August 4, 2020 - 11:41am
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