Loan amount
$350,000
Loan type
As-Is Property Value
$600,000
LTV
59%
{LTV}
Property type
Single family home
Borrower Details
Credit score
644
Deal experience
30 deals
This loan scenario was submitted by a Broker
Property Details
State
California
Loan Details
Additional Loan Information
Property was purchased originally for $315K. Estimated current value of $400K. Owner-occupied. Mortgage balance of $270K. Seeking loan of $80K for renovations or the full $350K to cover the renovations and refinancing the current mortgage. The renovation plan is to lay a foundation, upgrade plumbing and electrical systems, paint interior, exterior paint, repair wood floors. Renovation timeline of 4 months. ARV $600K. Property is located in Los Angeles. Will remain owner-occupied after renovation is complete.
Status
Closed
Created
October 17, 2019 - 3:26pm
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