Loan amount
$75,000
Loan type
As-Is Property Value
$191,500
LTV
40%
{LTV}
Property type
Single family home
Borrower Details
Credit score
600
Deal experience
5 deals
This loan scenario was submitted by a Broker
Property Details
State
Virginia
Loan Details
Additional Loan Information
Fix and flip, in great area for flipping. Contract negotiated and verbally-accepted; seller needs proof of funds to proceed. Purchase price $75K. Renovation budget $50K. Work will take 4 months to complete. ARV $191,500. Property located in Richmond, VA.
Status
Closed
Created
March 11, 2020 - 8:40am
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