Loan amount
$1,408,000
Loan type
Purchase
{Fix&Flip}
After Repair Value
$2,000,000
{PP:$1,530,000}
ARV
70%
{ARV}
Property type
Single Family
Borrower Details
Credit score
740
Deal experience
10 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Argyle
State
Texas
Loan Details
Purchase price
$1,530,000
Down payment
$200,000
Cost of improvements
$78,000
Estimated property value after repairs
$2,000,000
Additional Loan Information
Minor cosmetic- Replace second floor flooring, update bathrooms, update kitchen, fix elevator, add outdoor water features (3), landscaping, update guest house, update pool house
Major: Attach guest house to main house, walls/heating/ cooling- significantly increasing sq footage from 5174 to 6102, increases bedroom and bathroom count.
Major: Attach guest house to main house, walls/heating/ cooling- significantly increasing sq footage from 5174 to 6102, increases bedroom and bathroom count.
Status
Open
Created
October 15, 2023 - 7:54am
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