Loan amount
$420,000
Loan type
Purchase
{Fix&Rent}
After Repair Value
$720,000
{PP:$499,999}
ARV
58%
{ARV}
Property type
Single Family
Borrower Details
Credit score
550
Deal experience
12 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Colfax
State
California
Loan Details
Purchase price
$499,999
Down payment
$105,000
Cost of improvements
$25,000
Estimated property value after repairs
$720,000
Additional Loan Information
Seeking a quick purchase for a small rehab and then will rent.
Intent to lease us already in place at project completion
Exit is to refi to more favorable terms once credit is corrected from identity theft damages
Exit #2 could be sell as intended lessor has purchase interest after only short term lease
Intent to lease us already in place at project completion
Exit is to refi to more favorable terms once credit is corrected from identity theft damages
Exit #2 could be sell as intended lessor has purchase interest after only short term lease
Status
Open
Created
August 17, 2022 - 10:02pm
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