Loan amount
$305,000
Loan type
As-Is Property Value
$350,000
LTV
88%
{LTV}
Property type
Single family home (2)
Borrower Details
Credit score
475
Deal experience
None
This loan scenario was submitted by a Broker
Property Details
State
Florida
Loan Details
Additional Loan Information
Seeking 100% financing to purchase, renovate and rent out 2 single family homes in Tampa, FL for section 8. Not yet in contract for either. I'm willing to secure financing for just one of the two, if that's my only option. Loan duration would depend on the payments, terms.
PROPERTY #1:
2/1, 1008 sqft.
Purchase price $100K
Renovation budget $30K
After-repair value of $150K
Rental income $1200
PROPERTY #2:
3/1, 1144 sqft.
Purchase price $125K
Renovation budget $50K
After-repair value of $200K
Rental income $1500
PROPERTY #1:
2/1, 1008 sqft.
Purchase price $100K
Renovation budget $30K
After-repair value of $150K
Rental income $1200
PROPERTY #2:
3/1, 1144 sqft.
Purchase price $125K
Renovation budget $50K
After-repair value of $200K
Rental income $1500
Status
Closed
Created
January 28, 2020 - 2:24pm
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