Loan amount
$125,000
Loan type
As-Is Property Value
$250,000
LTV
50%
{LTV}
Property type
Single family New construction
Borrower Details
Credit score
600
Deal experience
20 deals
This loan scenario was submitted by a Broker
Property Details
State
Georgia
Loan Details
Additional Loan Information
I am buying a lot with an existing foundation. I will build a 2300-2500 sq.ft. home on the property. The purchase price of the lot is $22,500. I am closing on it on 9/11/2019. The construction budget is $125,000. Construction time line is three months. ARV is $250,000+. Property will be sold after construction is complete.
Status
Closed
Created
August 30, 2019 - 11:33am
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