Loan amount
$480,000
Loan type
Purchase
{Construction}
After Repair Value
$865,000
{PP:$420,000}
ARV
55%
{ARV}
Property type
Single Family
Borrower Details
Credit score
580
Deal experience
3 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Palisade
State
Colorado
Loan Details
Purchase price
$420,000
Down payment
$40,000
Cost of improvements
$100,000
Estimated property value after repairs
$865,000
Additional Loan Information
We are building an RV park in Hot Springs we are an Airbnb we are a large concert venue festival grounds and a church. We are in contract we are lease optioning we already have $80,000 into the project. We are capable of doing the projects ourself. We are already deriving $6300 a month in rental income. Phone number available...
Status
Open
Created
January 10, 2021 - 1:45pm
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