Loan amount
$70,000
Loan type
As-Is Property Value
$155,000
LTV
46%
{LTV}
Property type
Duplex
Borrower Details
Credit score
640
Deal experience
1 deal
This loan scenario was submitted by a Broker
Property Details
State
Wisconsin
Loan Details
Additional Loan Information
City of Milwaukee has tax foreclosures they are selling at a discount - prices as low as $2,500 as long as you commit to renovating. My plan is to complete a fix and flip with the property. The type of property is a duplex 4 bed 2 bath and recently there have been similar properties sold in the area around $155,000. The scope of work estimating costs range from $30,000 to $80,000. The City requires proof of financing for the renovation before the property can be purchased.
Status
Closed
Created
August 30, 2019 - 5:07pm
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