Loan amount
$452,500
Loan type
As-Is Property Value
$615,000
LTV
74%
{LTV}
Property type
Single family home
Borrower Details
Credit score
655
Deal experience
1 deal
This loan scenario was submitted by a Broker
Property Details
State
Alabama
Loan Details
Additional Loan Information
Fix and flip. 3/2 in great neighborhood. Within walking distance to elementary school. Decent shape already, redo kitchen/bath(s), exterior paint and landscaping. No signed agreement yet, but have already got an agreement in place with owners. Estimated renovation budget is 50K and ARV is ~$600K-630K based on comps in the neighborhood. I believe it would have 3-6 months with everything going on right now in the world, but a great opportunity! Purchase price $390K. Property located in Homewood, AL.
Status
Closed
Created
March 31, 2020 - 3:50pm
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