Loan amount
$250,000
Loan type
As-Is Property Value
$350,000
LTV
72%
{LTV}
Property type
Single family home
Borrower Details
Credit score
650
Deal experience
1 deal
This loan scenario was submitted by a Broker
Property Details
State
Michigan
Loan Details
Additional Loan Information
3 bdrm/2 bath foreclosed property in Oakland County MI - offer made. This would be a fix and flip property. Purchase price $182K. Renovation budget approximately $50K. 30-60 renovation timeline. ARV $350K. Currently own one rental property - never late with payment, own my own home never late payment. Income to debt ratio is low, credit score fair/good.
Status
Closed
Created
March 30, 2020 - 12:31pm
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