Loan amount
$120,000
Loan type
Purchase {Fix&Rent}
After Repair Value
$300,000 {PP:$250,000}
ARV
40% {ARV}
Property type
Single Family
Borrower Details
Credit score
503
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Madison
State
Alabama
Loan Details
Purchase price
$250,000
Down payment
$140,000
Cost of improvements
$10,000
Estimated property value after repairs
$300,000
Additional Loan Information
Seller accepted deal of $140,000 down. Repairs will be $10,000. Rental estimate in the area is $2,400.
We have closing in pending status, waiting on funding.
Status
Created
July 16, 2023 - 1:27am

Hard Money Lenders Now Offering Real Estate Investor Loans in Alabama Birmingham | Montgomery | Huntsville | Mobile | Tuscaloosa | Hoover Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans