Fix & Flip
Posted 6d agoFix & flip single family in Columbus
$310,000
Location
Columbus, OH 43215
Target rate
11.88%
Term
18 mo
Property type
Single Family
Property & underwriting
- Occupancy
- Non-owner occupied
- Units
- 8
- Lien position
- First lien
- As-is value
- $547,000
- LTV (as-is)
- 56.7%
- Purchase price
- $525,000
- After-repair value
- $756,000
- Loan-to-ARV
- 41.0%
- Rehab budget
- $62,000
- Exit strategy
- Refinance into 30-yr DSCR
- Borrower experience
- 6-15 deals completed
- Credit score range
- 750-799
- Borrowing entity
- Individual
- Funding timeline
- 2-3 weeks
- Additional collateral
- Single Family at Columbus, OH
Use of funds
Construction draw facility
Deal summary
Refinance existing hard money on a single family in Columbus, OH. Borrower is seeking $310,000 at up to 11.88% for 18 months. Sell after renovation.