Loan amount
$80,000
Loan type
As-Is Property Value
$365,000
LTV
22%
{LTV}
Property type
Duplex
Borrower Details
Credit score
601
Deal experience
None
This loan scenario was submitted by a Broker
Property Details
State
Alaska
Loan Details
Additional Loan Information
Purchase a duplex that is currently in foreclosure and will be put up for auction. Auction price $77,500. Current market value $325K. Will be getting a renovation loan from a local credit union once the property is purchased. 6 month renovation timeline. ARV $365K. Not in contract. Property located in Anchorage. I will live in one side of the duplex and rent the second side. 3-5 year loan duration.
Status
Closed
Created
April 29, 2020 - 9:06am
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