Loan amount
$140,000
Loan type
As-Is Property Value
$275,000
LTV
51%
{LTV}
Property type
Single family home
Borrower Details
Credit score
600
Deal experience
None
This loan scenario was submitted by a Broker
Property Details
State
Georgia
Loan Details
Additional Loan Information
Home is a 3/2.5. Borrower owns this home and owes $100K. Loan is to pay off the $100K and rehab the property. Borrower can rent the property for $1,600 monthly. Current value $247K. Renovation budget $40K. 90 day timeline. ARV $275K. Property located in Mansfield, GA. 5 year loan duration. I am a broker representing my client.
Status
Closed
Created
August 20, 2020 - 8:07am
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