Loan amount
$247,000
Loan type
Refinance
{Construction}
After Repair Value
$450,000
ARV
55%
{ARV}
Property type
Vacant Land
Borrower Details
Credit score
680
Deal experience
4 deals
This loan scenario was submitted by a Broker
No
Property Details
City
El Paso (sierra Blanca)
State
Texas
Loan Details
Current mortgage balance
$97,000
Cost of improvements
$149,999
Estimated property value after repairs
$450,000
Additional Loan Information
Combine to properties under 1 mortgage
80 acres Texas prior ranch land would like to build a single family ($50,000) current balance/ value current is $150,000-
7.25 acres Mo pasture land backs up to Finley river an private pebble beach would like to build residential home ($53,000) current value is $280,000-
Total value $430,000-$450,000
80 acres Texas prior ranch land would like to build a single family ($50,000) current balance/ value current is $150,000-
7.25 acres Mo pasture land backs up to Finley river an private pebble beach would like to build residential home ($53,000) current value is $280,000-
Total value $430,000-$450,000
Status
Open
Created
December 18, 2022 - 7:41pm
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