Loan amount
$55,500
Loan type
Purchase
{Fix&Rent}
After Repair Value
$100,000
{PP:$50,500}
ARV
56%
{ARV}
Property type
Vacant Land
Borrower Details
Credit score
649
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Clinton
State
Louisiana
Loan Details
Purchase price
$50,500
Down payment
$5,000
Cost of improvements
$10,000
Estimated property value after repairs
$100,000
Additional Loan Information
The land is a bank foreclosure and needs clearing and cleaning. It has full electrical, water, and sewage hookup. I will convert the property into a small RV campground. It is in a rural area and includes a pond. The property is close to the Amite River.
Status
Open
Created
March 14, 2024 - 11:05pm
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