Loan amount
$450,000
Loan type
Purchase
{Fix&Flip}
After Repair Value
$900,000
{PP:$450,000}
ARV
50%
{ARV}
Property type
Single Family
Borrower Details
Credit score
659
Deal experience
3 deals
This loan scenario was submitted by a Broker
No
Property Details
City
TBD
State
South Carolina
Loan Details
Purchase price
$450,000
Down payment
$1
Estimated property value after repairs
$900,000
Additional Loan Information
We want to purchase a large lot. Demo and the existing building and lot relocate 2 historic homes that have been given to us renovate and sell.
We have done this several but the will the biggest project we have been asked to do.
We the homes secured and a house mover is in place. Site Contractor and Home Contract are in place.
The property to put home on is secured.
Family has just recently moved renovated and flip a home in this same way. And been doing this in Aiken fir years. The last was featured in the Augusta / Aiken Magazine.
We have post appraisals in hand and will be adding homes to block that has converted homes from $500,00 to 1,000,000 on the same block.
We have done this several but the will the biggest project we have been asked to do.
We the homes secured and a house mover is in place. Site Contractor and Home Contract are in place.
The property to put home on is secured.
Family has just recently moved renovated and flip a home in this same way. And been doing this in Aiken fir years. The last was featured in the Augusta / Aiken Magazine.
We have post appraisals in hand and will be adding homes to block that has converted homes from $500,00 to 1,000,000 on the same block.
Status
Open
Created
January 7, 2021 - 9:25pm
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