Loan amount
$15,000
Loan type
As-Is Property Value
$60,000
LTV
25%
{LTV}
Property type
Multi-family
Borrower Details
Credit score
620
Deal experience
3 deals
This loan scenario was submitted by a Broker
Property Details
State
Arkansas
Loan Details
Additional Loan Information
A multi-family property in contract and in the process of closing, needs rehab and updating. Purchasing for $7,500 cash. Loan is entirely for renovations. Timeline of 60 days. ARV $60K. Property located in Pine Bluff, Arkansas. Will rent each unit for $600 a month. Prefer loan term of 60 months.
Status
Closed
Created
July 10, 2020 - 8:45am
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