Loan amount
$358,000
Loan type
Purchase {Fix&Flip}
After Repair Value
$450,000 {PP:$350,000}
ARV
80% {ARV}
Property type
Multi-Family 5+ Units
Borrower Details
Credit score
578
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Evansville
State
Indiana
Loan Details
Purchase price
$350,000
Down payment
$0
Cost of improvements
$8,000
Estimated property value after repairs
$450,000
Additional Loan Information
Two story brick 8-unit 1 bed/1 bath apartment complex in East Evansville, Indiana with large living rooms and open kitchens. This property is currently under contract by me and requires cosmetic improvement such as kitchen updates and possible roof repair. I am a real estate investor that buys and sells real estate and am the founder of a real estate group of 1900 current members. Financing services may also be needed for these members from time to time. I am interested in an interest only loan for 24 months after which time I will refinance.
Status
Created
July 17, 2021 - 10:19pm

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