Loan amount
$7,100,000
Loan type
Purchase
{Fix&Flip}
After Repair Value
$16,000,000
{PP:$3,900,000}
ARV
44%
{ARV}
Property type
Multi-Family 1-4 Units
Borrower Details
Credit score
750
Deal experience
2 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Heber City
State
Utah
Loan Details
Purchase price
$3,900,000
Down payment
$300,000
Cost of improvements
$3,500,000
Estimated property value after repairs
$16,000,000
Additional Loan Information
Project is a 20,000 square foot home as well as a guest home that isn’t complete and being sold as is. The home evaluation is approximately 16 million after completion.
Status
Open
Created
October 31, 2022 - 11:18pm
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