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Purchase Loan in Missouri

  • Posted on March 21, 2017
  • Status: Active ?

Loan & Collateral

Loan TypePurchase
Security1st Mortgage
Loan Amount$112,000
Collateral Value$160,000
Available Downpayment$5,000
Calculated LTV70% ?
Address1119 Parkedge Ln
CityUniversity
StateMissouri
Property TypeResidential

Exit Strategy

I plan on rehabbing the property in 60-90 days, then reselling the property for a profit. the entire process should be completed in 180 days or less.

Loan Proceeds

I am requesting a 70% ARV loan, the proceeds will be used to purchase the property as well as rehab the property. The is selling for $85,000, the AVR is $160,000-$175,000. It will cost $20,000 to completely rehab it.

Borrower

ApplicantIfiok Equere
Agency?Borrower
OrganizationNdiya Investment Group LLC
Credit Grade Please login to access.
Phone Number Please login to access. (Only available to registered lenders)

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Private Money in Missouri

The MoolahList hard money directory lists 86 lenders in Missouri

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