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Purchase Loan in Idaho

  • Posted on December 14, 2017
  • Status: Inactive ?

Loan & Collateral

Loan TypePurchase
Security1st Mortgage
Loan Amount$125,000
Collateral Value$299,000
Available Downpayment$1
Calculated LTV42% ?
Address1179 A Street ,
CityPlummer
StateIdaho
Property TypeResidential

Exit Strategy

This is actually for 2 properties, and in a hot area, property has never been on the market, and have a realtor to help sell, he really thinks this will sell on or before 2 months, we actually want to advertise as soon as the outside is done.

Loan Proceeds

73,000 is for purchase and 52,000 is for rehab on both properties, this is a hot area and 2 properties. the house on double lot will cover cost of loan. would even be willing to 50/50 split on profit, which will be close to 125k

Borrower

ApplicantTodd Jones
Agency?Borrower
Credit Grade Inactive ?
Phone Number Inactive ?

Private Money in Idaho

The MoolahList hard money directory lists 87 lenders in Idaho

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