Loan amount
$140,000
Loan type
As-Is Property Value
$400,000
LTV
35%
{LTV}
Property type
Single family home
Borrower Details
Credit score
600
Deal experience
None
This loan scenario was submitted by a Broker
Property Details
State
North Carolina
Loan Details
Additional Loan Information
Home renovation, buying out heirs and paying off a reverse mortgage. Property has been in the family for over 50 years. Located in Raleigh NC. $60-80K going towards renovations. Pre-repair value of $182K as appraised in March. ARV between $400-500K. Owner-occupied. I'd prefer a 15-30 year loan but am flexible and willing to take a short-term and refinance afterwards.
Status
Closed
Created
October 11, 2019 - 12:17pm
Hard Money Lenders Now Offering Real Estate Investor Loans in North Carolina Charlotte | Raleigh | Greensboro | Durham | Winston-Salem | Fayetteville Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans