Loan amount
$205,000
Loan type
Purchase
{Fix&Flip}
After Repair Value
$360,000
{PP:$150,000}
ARV
57%
{ARV}
Property type
Single Family
Borrower Details
Credit score
660
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Stoughton
State
Massachusetts
Loan Details
Purchase price
$150,000
Down payment
$20,000
Cost of improvements
$75,000
Estimated property value after repairs
$360,000
Additional Loan Information
The goal of this project is to renovate a property that has been on and off the market for the last 70 days. Current asking price is 285000 on a foreclosure property, no accepted offer has gone to closing as of yet. We suspect seller could accept much less given the rough condition. My Business partner and I have secured a contractor to handle ALL repairs necessary.
Status
Closed
Created
January 21, 2021 - 3:57pm
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