Loan amount
$564,000
Loan type
Purchase
{Construction}
After Repair Value
$750,000
{PP:$349,000}
ARV
75%
{ARV}
Property type
Vacant Land
Borrower Details
Credit score
500
Deal experience
6 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Happy Valley
State
Oregon
Loan Details
Purchase price
$349,000
Down payment
$85,000
Cost of improvements
$300,000
Estimated property value after repairs
$750,000
Additional Loan Information
I would like to purchase a lot with a size of 1.93 acres and obtain a construction loan in order to build 1 house. while the house is being constructed, the plan is to market the property for sale so that upon completion, the loan will be paid as soon as the property is sold.
Status
Open
Created
February 12, 2023 - 9:44pm
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