Loan amount
$180,000
Loan type
Purchase {Fix&Flip}
After Repair Value
$285,000 {PP:$140,000}
ARV
63% {ARV}
Property type
Single Family
Borrower Details
Credit score
640
Deal experience
None
This loan scenario was submitted by a Broker
Yes
Property Details
City
Bartow
State
Florida
Loan Details
Purchase price
$140,000
Down payment
$10
Cost of improvements
$40,000
Estimated property value after repairs
$285,000
Additional Loan Information
The property has 1,874 sq.ft. and AVM report shows ARV of $288k - the buyer is a real estate broker that recently purchased other properties and re-sold wholesale to other investors - However, he wants to keep this property for him to start doing flips - He is an experience real estate broker. However, can show ALTA showing he did flips yet. We are looking for the best he can get - I am an MLO and charging him 3 points and you can charge up to 3 points (as buyer agreed) - We are looking for a broker that can do a desk review price - no appraisal. 10%-15% Down, and if we can get some $ for repairs will be great (if possible).
Status
Created
May 5, 2026 - 2:28pm

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