Loan amount
$540,000
Loan type
Refinance
{Construction}
After Repair Value
$1,040,000
ARV
52%
{ARV}
Property type
Single Family
Borrower Details
Credit score
680
Deal experience
2 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Rainier
State
Oregon
Loan Details
Current mortgage balance
$0
Cost of improvements
$540,000
Estimated property value after repairs
$1,040,000
Additional Loan Information
I already own 10 lots in Rainier, Oregon, and am looking to build/put up 3 1000sq ft houses on 3 of the lots.
Current bare land value is about 20,000$ per lot. Finished new houses of this size are worth conservatively 300,000$ each in this area. So looking to borrow (65-80% LTV) roughly $180,000 per house or $540,000 total for a finished value of $900,000 and will still have the remaining 7 lots with a value of 140k (20k each)
Looking to do either stick built or manufactured homes, whatever I can get funding for.
Current bare land value is about 20,000$ per lot. Finished new houses of this size are worth conservatively 300,000$ each in this area. So looking to borrow (65-80% LTV) roughly $180,000 per house or $540,000 total for a finished value of $900,000 and will still have the remaining 7 lots with a value of 140k (20k each)
Looking to do either stick built or manufactured homes, whatever I can get funding for.
Status
Closed
Created
June 12, 2026 - 1:34pm
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