Loan amount
$313,000
Loan type
Purchase
{Fix&Flip}
After Repair Value
$500,000
{PP:$109,900}
ARV
63%
{ARV}
Property type
Single Family
Borrower Details
Credit score
550
Deal experience
22 deals
This loan scenario was submitted by a Broker
No
Property Details
City
St Louis
State
Missouri
Loan Details
Purchase price
$109,900
Down payment
$22,000
Cost of improvements
$225,000
Estimated property value after repairs
$500,000
Additional Loan Information
Under contract, need quick closing. This home was foreclosed on a 320K note. It needs renovation and parking. Scope of Work prepared with contractor to start immediately upon closing. Should take approximately 120 days to complete plus an additional 3 weeks of gathering permits within the city limits and home is marked historical. I specialize in renovating historical homes in the city of Saint Louis.
Status
Open
Created
March 17, 2024 - 4:50pm
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