Loan amount
$100,000
Loan type
As-Is Property Value
$128,000
LTV
79%
{LTV}
Property type
Single family home
Borrower Details
Credit score
700
Deal experience
6 deals
This loan scenario was submitted by a Broker
Property Details
State
Idaho
Loan Details
Additional Loan Information
Purchase foreclosed or Bank owned property up for auction. Renovate and resale market at fair market value with a turn around time of 12 months. 540 Willard Ave, Pocatello, is valued at $128K, will be auctioned on Jan 30 2020. the total estimated debt is $66. Auction price starts at $55K and would not go above $67K. 428 N 10 Ave, Pocatello, starting bid and total debt is not disclosed but is comparable the first house. Auction date is Jan 08 2020. Resale Value / ARV $130K. Will try to acquire the first property. If that does not work out, I will try for the second.
Status
Closed
Created
December 14, 2019 - 9:55am
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