Loan amount
$420,000
Loan type
Refinance
{Construction}
After Repair Value
$750,000
ARV
56%
{ARV}
Property type
Other Commercial
Borrower Details
Credit score
620
Deal experience
7 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Gatesville
State
Texas
Loan Details
Current mortgage balance
$30,000
Cost of improvements
$390,000
Estimated property value after repairs
$750,000
Additional Loan Information
Currently subdividing the land and installing water/sewer connections 7 lots total. Between .27-.4 acre each. Want to put three manufactured homes $120000-$140000 range. 1800-2000 sqft each. $240000-$260000 Hold remaining 4 lots till first are sold then phase two.
Status
Open
Created
May 16, 2022 - 11:18pm
Hard Money Lenders Now Offering Real Estate Investor Loans in Texas Houston | San Antonio | Dallas | Austin | Fort Worth | El Paso Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans