Loan amount
$140,000
Loan type
Purchase
{Fix&Flip}
After Repair Value
$150,000
{PP:$100,000}
ARV
93%
{ARV}
Property type
Single Family
Borrower Details
Credit score
620
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Alamo
State
Nevada
Loan Details
Purchase price
$100,000
Down payment
$0
Cost of improvements
$40,000
Estimated property value after repairs
$150,000
Additional Loan Information
In Contract to purchase this house with a 20% down payment with balloon payments of $300 a month for 5 years or at sell of property (whichever comes first). Plan on rehabbing the place to then flip the property. We have thought of the idea of potentially renting the house if after 6 months no sale of the property. Added Estimated 5k lots included in the deal.
Status
Open
Created
April 25, 2022 - 6:13pm
Hard Money Lenders Now Offering Real Estate Investor Loans in Nevada Las Vegas | Henderson | Reno | Sparks | Carson City | Mesquite Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans