Loan amount
$110,000
Loan type
As-Is Property Value
$198,000
LTV
56%
{LTV}
Property type
Single family home
Borrower Details
Credit score
550
Deal experience
100 deals
This loan scenario was submitted by a Broker
Property Details
State
Louisiana
Loan Details
Additional Loan Information
Short sale in contract. 3 bed 2 bath home is fairly new sub just need cosmic work; pretty much a whole face life. Purchase price $95K. Home is appraised at $160K. Rebab budget $20K. ARV $198K. I need to move quickly. I have been in flipping business for over 25 years. This property will be owner-occupied. Looking for financing for just 1-2 years; then I will refinance. Can provide money down, if needed.
Status
Closed
Created
May 5, 2020 - 8:49am
Hard Money Lenders Now Offering Real Estate Investor Loans in Louisiana New Orleans | Baton Rouge | Shreveport | Lafayette | Lake Charles | Bossier City Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans