Loan amount
$50,000
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$286,500
{PP:$0}
LTV
18%
{LTV}
Property type
Single Family
Borrower Details
Credit score
790
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
State
Nebraska
Loan Details
Down payment
$0
Additional Loan Information
Gap funding for 100% finished new construction SFH (no rehab needed). Purchase contract secured for $254,500 to close on FRI 12/4/2020. ARV: $129 per sf = $286,767. Funding must be to business (LLC), not a personal loan. Thank you.
Status
Closed
Created
November 23, 2020 - 4:52pm
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