Loan amount
$410,000
Loan type
As-Is Property Value
$600,000
LTV
69%
{LTV}
Property type
Single family home
Borrower Details
Credit score
540
Deal experience
1 deal
This loan scenario was submitted by a Broker
Property Details
State
California
Loan Details
Additional Loan Information
I'm in negotiations with the owner. I am looking for financing for this 4bdr/1ba single family home in SF bay area to do modernization and green energy updates. I wish to fix and rent this property. Purchase price $355K. Renovation budget of $68-91K. 2-3 month renovation timeline. ARV $500-610K. Estimated monthly rental income of $3,900. Loan duration of 36 months.
Status
Closed
Created
January 6, 2020 - 8:22am
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