Loan amount
$364,500
Loan type
Purchase {Fix&Flip}
After Repair Value
$500,000 {PP:$320,000}
ARV
73% {ARV}
Property type
Single Family
Borrower Details
Credit score
625
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Fredericksburg
State
Virginia
Loan Details
Purchase price
$320,000
Down payment
$0
Cost of improvements
$44,425
Estimated property value after repairs
$500,000
Additional Loan Information
Property description: 5 bed / 3 bath; 3000 sq ft; fully furnished basement/ updated floors in basement and kitchen; hardwood floors on upper level of home in great condition; kitchen would require minimal work to open the it up; bathrooms are nice but would require a remodels; large yard; no garage
Offer has been placed for $320,000 on 4 May. Also requesting Proof of Funds letter.
Status
Created
May 5, 2021 - 10:32am

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