Loan amount
$225,000
Loan type
Purchase
{Construction}
After Repair Value
$380,000
{PP:$50,000}
ARV
59%
{ARV}
Property type
Single Family
Borrower Details
Credit score
720
Deal experience
2 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Greenwood
State
Indiana
Loan Details
Purchase price
$50,000
Down payment
$75,000
Cost of improvements
$250,000
Estimated property value after repairs
$380,000
Additional Loan Information
I currently have 2 lots and am looking to build homes on 1 of them for our personal home. I am a General contractor and currently have a home that we will sell once the new home is ready. The new home value will be approximately $380,000.+ and my cost will be around be about $250000. They lot is The 2 lots are worth about $100,000. combined. I have $75000.00 to start.
Status
Created
January 14, 2021 - 10:30am
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