Loan amount
$50,000
Loan type
As-Is Property Value
$75,000
LTV
67%
{LTV}
Property type
Single family home
Borrower Details
Credit score
651
Deal experience
None
This loan scenario was submitted by a Broker
Property Details
State
North Carolina
Loan Details
Additional Loan Information
Small home in great location would like to purchase and flip to sell. I am a senior project manager for a large REIT and I have rehabbed over 100 homes in the last 2 years. Asking $35K; will offer $25K. Renovation budget $22-25K. 60 day timeline. ARV $75K. Not yet in contract. Property located in Franklinton, NC.
Status
Closed
Created
May 22, 2020 - 8:50am
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