Loan amount
$1,000,000
Loan type
Purchase
{Construction}
After Repair Value
$2,000,000
{PP:$420,000}
ARV
50%
{ARV}
Property type
Single Family
Borrower Details
Credit score
730
Deal experience
20 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Cle Elum
State
Washington
Loan Details
Purchase price
$420,000
Down payment
$420,000
Cost of improvements
$1,000,000
Estimated property value after repairs
$2,000,000
Additional Loan Information
New construction of Single Family house in the Suncadia resort and golf course development plenty of fresh comparable recent average sales in the area are $1.5m low end to over $3m high end. Exit will be refi or sale.
Status
Open
Created
January 15, 2021 - 11:45am
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