Loan amount
$190,000
Loan type
Purchase {Construction}
Property value
$500,000 {PP:$35,000}
ARV
38% {ARV}
Property type
Vacant Land
Credit score
610
Deal experience
2 deals
This loan scenario was submitted by a Broker
No
City
Wheeling
State
West Virginia
Purchase price
$35,000
Down payment
$75,000
Cost of improvements
$230,000
Estimated property value after repairs
$500,000
Additional Loan Information
new residential home to be built. It will cost apporximately $360,000 to build, and I am looking for a loan of approximately $230,000. Once I secure funding for the build, I will be listing the home. I hope to sell before completion, or soon after completion (approximately 6 months)
Status
Created
December 5, 2023 - 9:46pm

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