Loan amount
$268,000
Loan type
As-Is Property Value
$310,000
LTV
87%
{LTV}
Property type
Single family home
Borrower Details
Credit score
710
Deal experience
2 deals
This loan scenario was submitted by a Broker
Property Details
State
Indiana
Loan Details
Additional Loan Information
Evaluating prospect of building new construction on empty lot in area with heavy rehab and construction going on. Purchase price of the lot $20K. Construction budget $240K. Construction timeline 3-4 months. ARV $310K. Not yet in contract. Located in Indianapolis, IN. Will sell once the construction is complete.
Status
Closed
Created
February 4, 2020 - 7:31am
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