Loan amount
$267,000
Loan type
Refinance
{Fix&Rent}
After Repair Value
$600,000
ARV
44%
{ARV}
Property type
Single Family
Borrower Details
Credit score
500
Deal experience
1 deal
This loan scenario was submitted by a Broker
No
Property Details
City
Lebanon
State
Oregon
Loan Details
Current mortgage balance
$231,600
Cost of improvements
$35,000
Estimated property value after repairs
$600,000
Additional Loan Information
Have a building that requires rebuilding, plan to restore the 40x20 building with an additional 20x20 porch and living area, total space 60x20 or 1,200 square feet living area. the building has power, gas and sewer installed the remodel is extensive when the remodel is complete will provided rental income of 1,200 per month the property is 10 acre parcel and the building is registered on the property plot maps with the county.
Status
Open
Created
October 4, 2023 - 6:10pm
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