Loan amount
$35,000
Loan type
As-Is Property Value
$120,000
LTV
30%
{LTV}
Property type
Single family home
Borrower Details
Credit score
600
Deal experience
5 deals
This loan scenario was submitted by a Broker
Property Details
State
Michigan
Loan Details
Additional Loan Information
Property is currently under contract. Looking to flip. Purchase price is $26K. Renovation budget is $15-20K. Will pay for the remainder with cash. After-repair value of $120K. 9-12 month timeline. If needed, I can put up my paid-off rental property worth $135K as collateral.
Status
Closed
Created
September 5, 2019 - 8:56pm
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