Loan amount
$340,000
Loan type
Purchase
{Fix&Flip}
After Repair Value
$508,000
{PP:$450,000}
ARV
67%
{ARV}
Property type
Townhome
Borrower Details
Credit score
760
Deal experience
5 deals
This loan scenario was submitted by a Broker
No
Property Details
City
To Be Determined
State
California
Loan Details
Purchase price
$450,000
Down payment
$120,000
Cost of improvements
$10,000
Estimated property value after repairs
$508,000
Additional Loan Information
It is quick cosmetic flip townhouse in at hot rental/owner-occupied area. Make offers tomorrow 1/6/21. So need approval asap. Closing 7-10 days. Will be in contract as back up since the first buyer didn't perform. I owned 2 rentals in this neighborhood and know the market very well.
Rehab
ARV 508k
Purchase 450k
Rehab 10k (self
Rehab
ARV 508k
Purchase 450k
Rehab 10k (self
Status
Open
Created
January 5, 2021 - 7:48pm
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