Loan amount
$102,500
Loan type
Purchase {Construction}
After Repair Value
$200,000 {PP:$30,000}
ARV
51% {ARV}
Property type
Single Family
Borrower Details
Credit score
600
Deal experience
1 deal
This loan scenario was submitted by a Broker
No
Property Details
City
Montevideo
State
Minnesota
Loan Details
Purchase price
$30,000
Down payment
$2,500
Cost of improvements
$75,000
Estimated property value after repairs
$200,000
Additional Loan Information
We have the material to build a 60x40 barndominium, all labor would be from myself and my family’s construction business. Property will need a new well and septic. The property is 5 acres with a house already on it that is not livable and will be torn down.
Status
Created
March 1, 2024 - 10:03am

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