Loan amount
$128,000
Loan type
Purchase {Fix&Rent}
Property value
$175,000 {PP:$100,000}
ARV
73% {ARV}
Property type
Multi-Family 1-4 Units
Credit score
650
Deal experience
16 deals
This loan scenario was submitted by a Broker
No
City
Battle Creek
State
Michigan
Purchase price
$100,000
Down payment
$12,000
Cost of improvements
$40,000
Estimated property value after repairs
$175,000
Additional Loan Information
I am just looking for a bridge loan to help with electric repairs in 2 units. I do have insurance and I do have an insurance check in escrow... I have a total of 3 properties in Battle Creek
I have been a landlord since 2007 and I own a small transportation Co. Called Mosaic Car Service
Status
Created
May 3, 2023 - 6:54pm

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