Loan amount
$90,000
Loan type
Refinance
{Fix&Flip}
After Repair Value
$240,000
ARV
38%
{ARV}
Property type
Single Family
Borrower Details
Credit score
505
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Knoxville
State
Tennessee
Loan Details
Current mortgage balance
$0
Cost of improvements
$90,000
Estimated property value after repairs
$240,000
Additional Loan Information
I have old house I bought 11 years ago that has sky rocketed in value in the last 5 years. I feel now is the time to renovate and sell I’ve had offers 80 & 90k as is but there’s gonna be room for another 50k in profit if I can remodel it myself & sell immediately after its finished. Phone number included!
Status
Open
Created
January 18, 2021 - 2:16pm
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