Loan amount
$140,000
Loan type
Purchase
{Fix&Flip}
After Repair Value
$220,000
{PP:$105,000}
ARV
64%
{ARV}
Property type
Single Family
Borrower Details
Credit score
580
Deal experience
1 deal
This loan scenario was submitted by a Broker
No
Property Details
City
Asheboro
State
North Carolina
Loan Details
Purchase price
$105,000
Down payment
$10,000
Cost of improvements
$45,000
Estimated property value after repairs
$220,000
Additional Loan Information
Mostly cosmetic work to the project it does need to be rewired and updated electrically. I am purchasing the property at 105 K the property is valued at 137,110 k as is. I have got a quote from a licensed contractor at 35K for rehab, but asking for 45 just to have a margin for any errors.
Status
Open
Created
March 17, 2022 - 1:44pm
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