Loan amount
$4,999,000
Loan type
Purchase
{Fix&Flip}
After Repair Value
$12,000,000
{PP:$7,000,000}
ARV
42%
{ARV}
Property type
Single Family
Borrower Details
Credit score
600
Deal experience
3 deals
This loan scenario was submitted by a Broker
Yes
Property Details
City
Granite Bay
State
California
Loan Details
Purchase price
$7,000,000
Down payment
$2,501,000
Cost of improvements
$500,000
Estimated property value after repairs
$12,000,000
Additional Loan Information
Acquire NOO residential real estate via pure asset based 1st loan. Subject is two APN's in Los Lagos community in Granite Bay, CA. Former home of Eddie Murphy. Subject is currently owned by absentee investor. Fast sale needed. Must doc, fund, and close by end of April 2024.
Status
Open
Created
April 14, 2024 - 11:28am
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