Loan amount
$255,000
Loan type
Purchase
{Fix&Flip}
After Repair Value
$4,500,000
{PP:$115,000}
ARV
6%
{ARV}
Property type
Single Family
Borrower Details
Credit score
580
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
St. Louis
State
Missouri
Loan Details
Purchase price
$115,000
Down payment
$25,000
Cost of improvements
$165,000
Estimated property value after repairs
$4,500,000
Additional Loan Information
Iam an an electrician and have managed others projects as GC and Electrician. I would like to start my own projects. The purchase price is 115,000. per unit with 165,000.00 in renovations. The arv is 450,000.00 and in the area are going under contract within 5 days or less and are within .10-.30 of a mile for comps in last 60 days
Status
Open
Created
September 2, 2023 - 1:38pm
Hard Money Lenders Now Offering Real Estate Investor Loans in Missouri Kansas City | St Louis | Springfield | Columbia | Independence | St Charles Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans