Loan amount
$130,000
Loan type
As-Is Property Value
$230,000
LTV
57%
{LTV}
Property type
Single family home
Borrower Details
Credit score
550
Deal experience
12 deals
This loan scenario was submitted by a Broker
Property Details
State
Oregon
Loan Details
Additional Loan Information
Been living in this home for the past 13 years need to pay off the owner and get someone else to carry the loan. We have been remodeling the home over the last few years and need to finish it so it works for our family. Home needs a roof, a front door, and some sheetrock. We are a general contractor and can do all the work ourselves. Originally purchased in 2011 for $140K. Loan balance is $92K. Estimated current value of $230K. Renovations should take 6-12 months. Estimated renovation budget of $30K. Property located in Harper, OR. Plan to remain owner-occupied after the work is complete.
Status
Closed
Created
March 2, 2020 - 12:40pm
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