Loan amount
$45,000
Loan type
As-Is Property Value
$190,000
LTV
24%
{LTV}
Property type
Single family home
Borrower Details
Credit score
620
Deal experience
1 deal
This loan scenario was submitted by a Broker
Property Details
State
Indiana
Loan Details
Additional Loan Information
Fix and flip. The place I'm looking at is in Marion Indiana. A Victorian-style, 4 story, 3500sqft with 12ft ceilings and 5 baths. Listed at $20K. I can purchase it for $17-18K. Needs $20-30K to update. Average properties are $190K+ in historical area. I could get it back on the market in 120 days and I think it would sell in the first year. Not yet in contract.
Status
Closed
Created
August 2, 2020 - 10:05pm
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