Loan amount
$1,500,000
Loan type
Refinance
{Construction}
After Repair Value
$2,260,000
ARV
66%
{ARV}
Property type
Single Family
Borrower Details
Credit score
650
Deal experience
3 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Fairburn
State
Georgia
Loan Details
Current mortgage balance
$0
Cost of improvements
$1,500,000
Estimated property value after repairs
$2,260,000
Additional Loan Information
seeking construction loan funding to build 2 Presold homes Fairburn, GA.
1. We are requesting $ 750,000 to build a Presold Home -Fairburn, GA and sale price will be $1,200,000. Lot 1 is owned and lot will be used as collateral for construction loan.
2. We are requesting $ 750,000 to build a Spec Home Fairburn, GA and sale price will be $1,060,000. Lot 6 is owned and lot will be used as collateral for construction loan.
1. We are requesting $ 750,000 to build a Presold Home -Fairburn, GA and sale price will be $1,200,000. Lot 1 is owned and lot will be used as collateral for construction loan.
2. We are requesting $ 750,000 to build a Spec Home Fairburn, GA and sale price will be $1,060,000. Lot 6 is owned and lot will be used as collateral for construction loan.
Status
Open
Created
December 23, 2023 - 6:25am
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