Loan amount
$325,000
Loan type
Purchase
{Fix&Flip}
After Repair Value
$600,000
{PP:$135,000}
ARV
54%
{ARV}
Property type
Single Family
Borrower Details
Credit score
650
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Spokane
State
Washington
Loan Details
Purchase price
$135,000
Down payment
$10,000
Cost of improvements
$200,000
Estimated property value after repairs
$600,000
Additional Loan Information
Looking to finish a property in Spokane Washington. Currently is stripped down to framing. Plan to add second level, finished basement, 1 full bathroom and 1 half bathroom.
Currently work as a project manager doing fix and flips for a large general contractor and their clients, and I am looking to venture off to my own business. I intend to frame and finish the work myself with my crew and to hire subcontractors for various different portions of the remodel.
Currently work as a project manager doing fix and flips for a large general contractor and their clients, and I am looking to venture off to my own business. I intend to frame and finish the work myself with my crew and to hire subcontractors for various different portions of the remodel.
Status
Open
Created
October 28, 2023 - 2:41pm
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