Loan amount
$540,000
Loan type
Refinance
{Fix&Rent}
After Repair Value
$840,000
ARV
64%
{ARV}
Property type
Multi-Family 1-4 Units
Borrower Details
Credit score
690
Deal experience
28 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Philadelphia
State
Pennsylvania
Loan Details
Current mortgage balance
$460,000
Cost of improvements
$80,000
Estimated property value after repairs
$840,000
Additional Loan Information
I need a gap loan to finish the renovation of a big four units building that’s 90% done only needs 10% remaining to be done this building has 13 rooms and 4.5 bathrooms it’s about 4000 SFT and about 30 acre for backyard nothing like it in the area it’s unique, I am going to refinance into a DSCR to exit this loan and I need to close ASAP.
Status
Closed
Created
September 24, 2025 - 10:42am
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