Loan amount
$186,000
Loan type
Purchase
{Construction}
After Repair Value
$260,000
{PP:$36,000}
ARV
72%
{ARV}
Property type
Single Family
Borrower Details
Credit score
799
Deal experience
2 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Sumner
State
Texas
Loan Details
Purchase price
$36,000
Down payment
$50,000
Cost of improvements
$200,000
Estimated property value after repairs
$260,000
Additional Loan Information
Looking for financing to build a single family residence in the rural area of Sumner TX. Northern TX is experiencing massive housing shortages. Large builders will take 4-7 years to get through the red tape and catch up with demand. Smaller builds have the advantage of building basic entry level detaches at a quicker pace years before large competition is prepared to act.We are currently in the process, and have negotiated a price on plot of land.
Status
Open
Created
January 20, 2022 - 2:36pm
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