Loan amount
$115,000
Loan type
As-Is Property Value
$150,000
LTV
77%
{LTV}
Property type
Single family home
Borrower Details
Credit score
605
Deal experience
None
This loan scenario was submitted by a Broker
Property Details
State
Louisiana
Loan Details
Additional Loan Information
I am looking to purchase a foreclosed home, fix it, then resell. There isn’t much maintenance needed, but there are a few updates that needs to be made. I have my contractor in line, and we are waiting to get started. The purchase price right now is $94,000, but it is negotiable. I am expecting it to go down. My renovation budget is approximately $20-25,000. The renovation timeline is three months. The estimated value after renovations is $150,000. I am not currently in contract. This property is located in Shreveport, Louisiana.
Status
Closed
Created
May 24, 2020 - 3:42pm
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