Loan amount
$100,000
Loan type
Refinance
{Construction}
After Repair Value
$550,000
ARV
18%
{ARV}
Property type
Vacant Land
Borrower Details
Credit score
550
Deal experience
1 deal
This loan scenario was submitted by a Broker
Yes
Property Details
City
Pahoa
State
Hawaii
Loan Details
Current mortgage balance
$0
Cost of improvements
$100,000
Estimated property value after repairs
$550,000
Additional Loan Information
:10 acre ocean front property in Hawaii. Funds would be used to put a roadway on the lot which would provide ease of access for buyers and realtors to reach oceanfront views. The property would be listed immediately. Timing of list price reductions could be built into the loan terms to ensure sale within term. Open to interest reserves or other risk reduction requirements.
Status
Open
Created
April 22, 2021 - 8:23pm
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