Loan amount
$350,000
Loan type
Purchase {Fix&Flip}
Property value
$424,998 {PP:$200,000}
ARV
82% {ARV}
Property type
Single Family
Credit score
550
Deal experience
1 deal
This loan scenario was submitted by a Broker
No
City
Winter Garden
State
Florida
Purchase price
$200,000
Down payment
$0
Cost of improvements
$150,000
Estimated property value after repairs
$424,998
Additional Loan Information
The current property is an old home built in 1920 (2 Bedroom, 1 Bath). The property is located in an up and coming section of Winter Garden. Properties are currently being renovated in the area. The plan is to rehab the property into a duplex as there is ample space and sell. I have already consulted a general contractor and engineer.
Status
Created
September 4, 2022 - 11:51am

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