Loan amount
$100,000
Loan type
Purchase
{Fix&Flip}
After Repair Value
$225,000
{PP:$55,000}
ARV
44%
{ARV}
Property type
Multi-Family 1-4 Units
Borrower Details
Credit score
710
Deal experience
5 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Detroit
State
Michigan
Loan Details
Purchase price
$55,000
Down payment
$15,000
Cost of improvements
$60,000
Estimated property value after repairs
$225,000
Additional Loan Information
This property is a duplex in a growing neighborhood in Detroit, it is one of the few left in the neighborhood in need of rehab. After rehab value estimated at $225,000
Status
Open
Created
March 6, 2022 - 3:44pm
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