Loan amount
$290,000
Loan type
Refinance
{Fix&Flip}
After Repair Value
$420,000
ARV
69%
{ARV}
Property type
Single Family
Borrower Details
Credit score
600
Deal experience
5 deals
This loan scenario was submitted by a Broker
No
Property Details
City
China Spring
State
Texas
Loan Details
Current mortgage balance
$240,000
Cost of improvements
$50,000
Estimated property value after repairs
$420,000
Additional Loan Information
I own it already. The only thing left is the master addition. We are doing a 500 sq ft master addition. We are going from 1801 to 2300 sq ft. So with this addition added, it adds almost 100k to the ARV versus without adding the addition. I am so close and it should take about a month finish. I have multiple assets so there is a security of repayment of loan.
Status
Open
Created
June 1, 2023 - 1:17am
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