Loan amount
$245,000
Loan type
Purchase
{Fix&Flip}
After Repair Value
$320,000
{PP:$220,000}
ARV
77%
{ARV}
Property type
Single Family
Borrower Details
Credit score
640
Deal experience
7 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Palm City
State
Florida
Loan Details
Purchase price
$220,000
Down payment
$5,000
Cost of improvements
$30,000
Estimated property value after repairs
$320,000
Additional Loan Information
Just won a bid for 476 sw 34th Ter. Palm City, FL 34990. Purchased for 220k, rehab amount would be 30k. After rehab value 305-320k. Estimated rehab time (1) month. I’ve done multiple flips in the past few years as a contractor and this home is in a prime palm city location. I also have about 700k equity in my farm in Palm city as well that can be potentially be put as collateral. 5907 sw Cherokee st.
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
April 5, 2024 - 11:03pm
Hard Money Lenders Now Offering Real Estate Investor Loans in Florida Orlando | Tampa | Miami | Jacksonville | Gainesville | Tallahasee Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans