Loan amount
$65,000
Loan type
As-Is Property Value
$145,000
LTV
45%
{LTV}
Property type
Single family home
Borrower Details
Credit score
800
Deal experience
1 deal
This loan scenario was submitted by a Broker
Property Details
State
Iowa
Loan Details
Additional Loan Information
The home is currently listed for sale well under accessed value. We would fix and flip the house for profit. We have experience in home construction, plumbing, electrical work, painting and design. I am also a real estate agent which would help with selling fees. The house is listed for $36,500 and has been listed for 2 years +. I was hoping to make a cash offer of $27,000. I'm looking for a loan only for the renovation costs. Renovation costs estimated at $65k. Goal of listing the house for sale in Spring 2020. Estimated value after renovation would be $145k. Not in contract yet. Home is located in Lake Park, Iowa.
Status
Closed
Created
November 22, 2019 - 7:58am
Hard Money Lenders Now Offering Real Estate Investor Loans in Iowa Des Moines | Cedar Rapids | Davenport | Sioux City | Iowa City | Ankeny Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans