Loan amount
$108,000
Loan type
As-Is Property Value
$135,000
LTV
80%
{LTV}
Property type
Single family home
Borrower Details
Credit score
585
Deal experience
45 deals
This loan scenario was submitted by a Broker
Property Details
State
Texas
Loan Details
Additional Loan Information
Cash out refinance. I am a licensed Texas Real Estate Agent/Investor since 1981. My 6 month hard money loan was up April 1st. I gave $36K down payment. Appraisal 6 month ago $96,000. ARV is by comparables $135K. Major repairs done. I had requested $5,000 for repairs and have exceeded that amount. My scope of work included painting exterior and patching minor texture and touch up painting inside. I have $2500 still in repair escrow that they won't release. The property is in the Westside of San Antonio, Texas. I have my buyer living in the property; who is credit FHA approved. I would like to do a wrap a around mortgage or rent to own. The buyer has given me $10,000 down payment.
Status
Closed
Created
April 21, 2020 - 12:42pm
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