Loan amount
$225,000
Loan type
Purchase
{Fix&Flip}
After Repair Value
$325,000
{PP:$200,000}
ARV
69%
{ARV}
Property type
Single Family
Borrower Details
Credit score
500
Deal experience
1 deal
This loan scenario was submitted by a Broker
No
Property Details
City
Lebanon
State
Oregon
Loan Details
Purchase price
$200,000
Down payment
$5,000
Cost of improvements
$30,000
Estimated property value after repairs
$325,000
Additional Loan Information
I have a lease with an option to purchase in the town of Lebanon Oregon I have been holding it for 1.5 years I have extensive experience in Real estate. I am a Principal Real estate broker. This area is very hot and there are few starter homes between Portland and Eugene Oregon in this town. The house is vacant. I could sell it immediately for $250,000 If I paint outside and inside and to the similar 2/1 homes I am confident to sell for $325000 or higher.
Status
Open
Created
June 30, 2023 - 2:25pm
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