Loan amount
$1,800,000
Loan type
Refinance
{Fix&Flip}
After Repair Value
$3,500,000
ARV
51%
{ARV}
Property type
Multi-Family 5+ Units
Borrower Details
Credit score
700
Deal experience
6 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Springfield
State
Ohio
Loan Details
Current mortgage balance
$0
Cost of improvements
$1,800,000
Estimated property value after repairs
$3,500,000
Additional Loan Information
We currently own this property free and clear. It’s currently an office space and we are working to convert it into an apartment complex of 27 units. Rezoning has been approved and plans in place.
Status
Pending review: Please check your email. We will be sending you follow-up questions, if needed. Be sure to check your spam folder.
Created
August 3, 2024 - 1:11am
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