Loan amount
$390,000
Loan type
As-Is Property Value
$620,000
LTV
63%
{LTV}
Property type
Single family home
Borrower Details
Credit score
690
Deal experience
3 deals
This loan scenario was submitted by a Broker
Property Details
State
New Jersey
Loan Details
Additional Loan Information
Looking to buy, fix and flip a 4 bedroom property in a desirable area in Princeton Jct, NJ. The property is easily convertible to a 5 bedroom home, which would increase the value of the home. it is close to the train station, which is very attractive to the residents in this area, as a lot of them commute to NYC for work. It is in a blue ribbon school district. Purchase price $406K. Renovation budget $46K. 6 to 7 week timeline. ARV $620K. Already in contract.
Status
Closed
Created
April 24, 2020 - 12:38pm
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