Loan amount
$685,000
Loan type
Purchase
{Construction}
After Repair Value
$1,500,000
{PP:$375,000}
ARV
46%
{ARV}
Property type
Vacant Land
Borrower Details
Credit score
700
Deal experience
5 deals
This loan scenario was submitted by a Broker
Yes
Property Details
City
Stockton
State
New York
Loan Details
Purchase price
$375,000
Down payment
$90,000
Cost of improvements
$400,000
Estimated property value after repairs
$1,500,000
Additional Loan Information
Client is purchasing 7 Acres in stockton NY (rural land) for $375k and building a SF structure for $400k. ARV of project is $1,500,000. Client has 700+ FICO
Status
Open
Created
April 28, 2022 - 3:48pm
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