Loan amount
$326,000
Loan type
Purchase
{Construction}
After Repair Value
$565,000
{PP:$96,000}
ARV
58%
{ARV}
Property type
Single Family
Borrower Details
Credit score
665
Deal experience
10 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Somerset
State
Kentucky
Loan Details
Purchase price
$96,000
Down payment
$85,000
Cost of improvements
$315,000
Estimated property value after repairs
$565,000
Additional Loan Information
Speculation homes. Approximately 1800 square feet each. Each house would be built on a 1775 square foot lot with approximately 120 feet of road frontage. Within three miles of the city limit. Great schools and within seven miles of the local industrial/business park. All surrounding (within 2.5 miles) have sold at or above listing price!! Also, the above mentioned properties have sold within five weeks of its listing!!
Status
Open
Created
January 16, 2022 - 2:17pm
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