Loan amount
$650,000
Loan type
As-Is Property Value
$755,000
LTV
87%
{LTV}
Property type
Single family home
Borrower Details
Credit score
636
Deal experience
None
This loan scenario was submitted by a Broker
Property Details
State
Arkansas
Loan Details
Additional Loan Information
Bank owned home in foreclosure. It’s on 6 1/2 acres overlooking the river and needs some work. Built in 2018. Purchase price $633K. Renovation budget $40K. Renovation timeline 120 days. ARV $755K. Not yet in contract. Property located in Benton, AR 72019. Will owner-occupy then either refinance in 1-2 years or sell.
Status
Closed
Created
April 13, 2020 - 11:42am
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