Loan amount
$400,000
Loan type
Purchase {Fix&Flip}
After Repair Value
$650,000 {PP:$400,000}
ARV
62% {ARV}
Property type
Multi-Family 5+ Units
Borrower Details
Credit score
300
Deal experience
1 deal
This loan scenario was submitted by a Broker
No
Property Details
City
Nashua
State
New Hampshire
Loan Details
Purchase price
$400,000
Down payment
$10,000
Cost of improvements
$10,000
Estimated property value after repairs
$650,000
Additional Loan Information
I’m gonna go in and fix up the outside of the building like landscaping and making the building look cleaner and raise the rents to market value and reduce expenses for about $10,000 to $20,000 in added value to the NOI to make to building worth about $500,000 to $650,000
Status
Created
June 27, 2021 - 7:13pm

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