Loan amount
$150,000
Loan type
Refinance
{Construction}
After Repair Value
$500,000
ARV
30%
{ARV}
Property type
Single Family
Borrower Details
Credit score
600
Deal experience
1 deal
This loan scenario was submitted by a Broker
No
Property Details
City
Scott
State
Arkansas
Loan Details
Current mortgage balance
$0
Cost of improvements
$150,000
Estimated property value after repairs
$500,000
Additional Loan Information
Vacant clear cut land with city water and electrical services already there. Across the highway from lake front properties.
No other land is for sell (publicly )in that area commercial or residential. Bought the land 30 years ago for 30K and since new development has happened, the equity drastically increased. Looking for finding to build several Air B&Bs or VRBOs.
No other land is for sell (publicly )in that area commercial or residential. Bought the land 30 years ago for 30K and since new development has happened, the equity drastically increased. Looking for finding to build several Air B&Bs or VRBOs.
Status
Open
Created
January 2, 2024 - 7:01am
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