Loan amount
$34,500
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$125,000
{PP:$99,275}
LTV
27%
{LTV}
Property type
Vacant Land
Borrower Details
Credit score
600
Deal experience
2 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Salem
State
Oregon
Loan Details
Purchase price
$99,275
Down payment
$65,000
Additional Loan Information
Good quality legal, buildable lot in a recently registered historical neighborhood that is gaining popularity. Lot is addressed and has all utilities to site, coming at least 20% under comps. Plan to purchase and hold for build later in 2024. I am a long term licensed vendor to the state of Oregon and anticipate funds to repay in next 60 days, but the sellers are looking for 14 day close.
Status
Open
Created
December 9, 2023 - 12:54am
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