Loan amount
$900,000
Loan type
As-Is Property Value
$1,300,000
LTV
70%
{LTV}
Property type
Single Family home
Borrower Details
Credit score
580
Deal experience
1 deal
This loan scenario was submitted by a Broker
Property Details
State
Florida
Loan Details
Additional Loan Information
We are under contract on an estate sale/probate deal with a 70% LTV opportunity. Minor cosmetic updates needed. Need 6-12 months at 100% to close the deal and get the property refinanced into long term permanent financing. Purchase price is $900K. Located in Clermont, FL 34711. We have the ability to hold it as a rental with a anticipated lease rate of $5,400/mo. We also have the ability to flip the property in less than 6 months at current market value (Current appraisal as of February 2019 : $1,289M).
Status
Closed
Created
February 5, 2020 - 9:34am
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