Loan amount
$340,000
Loan type
As-Is Property Value
$550,000
LTV
62%
{LTV}
Property type
Single family home
Borrower Details
Credit score
558
Deal experience
None
This loan scenario was submitted by a Broker
Property Details
State
New York
Loan Details
Additional Loan Information
Planning to fix and flip this property. 3 bedroom/ 1 bathroom. Verbal contract. Have not signed contracts yet. Purchase price $255K. Need 10% of purchase price ($25.5K) for deposit for contract signing. Currently, the property is unoccupied. ARV calculated to be $550K. This property will need about $75K in repairs. Timeline 2 months. Property located in Mahopac, NY. Our company is a real estate investment company working to improve local communities and neighborhoods.
Status
Closed
Created
July 15, 2020 - 12:28pm
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