Loan amount
$3,050,000
Loan type
Purchase
{Fix&Flip}
After Repair Value
$3,100,000
{PP:$1,800,000}
ARV
98%
{ARV}
Property type
Single Family
Borrower Details
Credit score
525
Deal experience
40 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Miami
State
Florida
Loan Details
Purchase price
$1,800,000
Down payment
$250,000
Cost of improvements
$1,500,000
Estimated property value after repairs
$3,100,000
Additional Loan Information
Buy a single family home to do updates on the roof, landscaping, adding a large main bedroom, ensuite, closet, refurbish the terrace and pool. Put it to sell in a hot luxury homes market. New constructions in the area are driving the values of the properties up.
Status
Open
Created
May 7, 2024 - 8:17am
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