Loan amount
$350,000
Loan type
Purchase
{Fix&Rent}
After Repair Value
$2,000,000
{PP:$250,000}
ARV
18%
{ARV}
Property type
Multi-Family 5+ Units
Borrower Details
Credit score
740
Deal experience
2 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Greenville
State
North Carolina
Loan Details
Purchase price
$250,000
Down payment
$50,000
Cost of improvements
$150,000
Estimated property value after repairs
$2,000,000
Additional Loan Information
Small renovations needed. Buy apartments and refinance or will hold based on loan. Will pass inspections now but desire renovations to add value.
Status
Open
Created
October 3, 2023 - 9:55pm
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