After Repair Value
This loan scenario was submitted by a Broker
Additional Loan Information
The project property is a 2 bed 2 bath 1436 sqft and has an unfinished basement with an estimated value of $60000. The property has been partially remodeled, it still requires new flooring. A $20000 investment into this property to fully finish the basement (adding a bedroom), and finish the flooring would result in the appreciation of the property value comparable to a 3 bedroom 2 bathroom 1400sqft houses in the neighborhood at $120000-$150000. I do not own the property. Im not under contract, Im looking for investment opportunities. I have a credit score ranging from 650-730.
December 8, 2020 - 4:29pm
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