Loan amount
$200,000
Loan type
Refinance
{Construction}
After Repair Value
$380,000
ARV
53%
{ARV}
Property type
Single Family
Borrower Details
Credit score
680
Deal experience
5 deals
This loan scenario was submitted by a Broker
Yes
Property Details
City
Hagerstown
State
Maryland
Loan Details
Current mortgage balance
$0
Cost of improvements
$200,000
Estimated property value after repairs
$380,000
Additional Loan Information
Land was purchased for $25k in 2022. Applicant has around $20,000 in soft costs since purchase. Plans are approved and project is shovel ready. Guarantor just completed a similar new build which is currently under contract and expected to close this month.
Status
Open
Created
May 4, 2026 - 3:34pm
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