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
Status
Created
January 5, 2021 - 7:48pm

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