Loan amount
$30,000
Loan type
Purchase
{Fix&Flip}
After Repair Value
$70,000
{PP:$10,000}
ARV
43%
{ARV}
Property type
Single Family
Borrower Details
Credit score
718
Deal experience
4 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Sidel
State
Illinois
Loan Details
Purchase price
$10,000
Down payment
$0
Cost of improvements
$20,000
Estimated property value after repairs
$70,000
Additional Loan Information
complete remodel. many existing residents wish to move in to a new home and wish to stay in the area. This home is a great project for teaching new workers with lower risk during the apprentice stage on development. This is a 6 month project and would want a 12 month note with a Balloon payment at 10% APR on the loan. hiring two new people. Want a complete remodel for teaching. This home is perfect for the development of the new workers and maintaining a lower risk to the flip and company.
Status
Open
Created
February 24, 2021 - 10:32pm
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