Loan amount
$60,000
Loan type
As-Is Property Value
$115,000
LTV
53%
{LTV}
Property type
Single family home
Borrower Details
Credit score
625
Deal experience
100 deals
This loan scenario was submitted by a Broker
Property Details
State
Louisiana
Loan Details
Additional Loan Information
House needs 25% to complete. It appraised last year for $125K. Purchase price is $50K and repairs for $10K. I've been flipping for 20 years and my wife is a real estate agent for 20 years. Great deal. Fast and easy flip. Total time 6-8 weeks. The house is 2 bed, 2 full baths on 1 acre, 1250sqft interior, in good area. Already in contract. ARV $115K. Property located in Hammond, LA.
Status
Closed
Created
March 15, 2020 - 10:51am
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