Loan amount
Loan type
Purchase {Fix&Flip}
After Repair Value
$750,000 {PP:$278,000}
40% {ARV}
Property type
Single Family
Borrower Details
Credit score
Deal experience
2 deals
This loan scenario was submitted by a Broker
Property Details
Loan Details
Purchase price
Down payment
Cost of improvements
Estimated property value after repairs
Additional Loan Information
i am highly interested in restoring this historical 7 bedroom 9 bath home on 8.64 acres of land on the vermilion river to its original glory. the home is currently for sale for $278000. the homes value has ranged from $1000000 to $700000 in the past 10 years. i estimate repairs to be around 150000, however the after repair value would be $700000. the size and location of this property gives it endless potential for subdivided lots and high profit margins. i have local contractors ready to start and have completed 2 fix and flip deals in the past 2 years. i have a free and clear home with est. value of $210000 i can offer as collateral.
February 13, 2024 - 7:45am

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