Loan amount
$145,000
Loan type
As-Is Property Value
$215,000
LTV
68%
{LTV}
Property type
Single family home
Borrower Details
Credit score
540
Deal experience
4 deals
This loan scenario was submitted by a Broker
Property Details
State
Arizona
Loan Details
Additional Loan Information
This property is 10 acres county permit approved off-grid. The owners built the home, septic, water tanks, all power ran, etc.. it is just the bones with foundation and roof complete. It needs all the cosmetics finishes. 1500 sq ft. master suite - 2nd bedroom - and large loft/office 2 bath. We are contractors that can do the finish work and turn around and sell it. Their asking price is $88,500 I am sure this could be negotiated (I believe we can get it for $75,000). We are property preservationists contractors out of Colorado. We are highly skilled in custom work. With the purchase and funds for the materials, we are confident we can have this place ready to sell for top dollar within 6 months, maybe less. Already in communication with the Broker. I have the mls as well. Located in Seligman, AZ. ARV $215,000-$225,000. Construction budget $50,000.
Status
Closed
Created
October 12, 2019 - 1:44pm
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