Loan amount
$138,000
Loan type
Purchase
{Construction}
After Repair Value
$210,000
{PP:$75,000}
ARV
66%
{ARV}
Property type
Vacant Land
Borrower Details
Credit score
635
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Mann’s Choice
State
Pennsylvania
Loan Details
Purchase price
$75,000
Down payment
$12,000
Cost of improvements
$75,000
Estimated property value after repairs
$210,000
Additional Loan Information
Purchase 10 acres of land. Sell any timber with value. Install well and septic. Have electric run to the property. Build a house.
At this time I am looking for financing for the project. I have been in construction for over 40 years. I would be doing as much of the work myself to keep down the cost.
I have a house I would be renting out once this project is completed.
At this time I am looking for financing for the project. I have been in construction for over 40 years. I would be doing as much of the work myself to keep down the cost.
I have a house I would be renting out once this project is completed.
Status
Open
Created
May 1, 2022 - 12:47pm
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