Loan amount
$70,000
Loan type
As-Is Property Value
$120,000
LTV
59%
{LTV}
Property type
Single family home
Borrower Details
Credit score
745
Deal experience
3 deals
This loan scenario was submitted by a Broker
Property Details
State
North Carolina
Loan Details
Additional Loan Information
By trade I am a general contractor. Placed an offer on a fixer upper for $48.5. Built in 1981, 1,426 sqft, 3BR, 1.5 Bath. It will take no more than $25K to fix. Nothing major needs replaced mostly cosmetic (new carpet, coat of paint, rehab the bathroom). Very confident I can get it back on the market in 30 days, list for $125-$130. There are 12 comparables in the area averaging $138K. DOM is 34 days. Not yet in contract. Property located in Fayetteville, NC.
Status
Closed
Created
April 3, 2020 - 2:52pm
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