Single Family Residence
Residential Fix and Flip07/15/2016
$90K Hard money loan for the purchase of a single family home rehab project in Coyle, Logan County, Oklahoma. The Borrower is an investor who plans to fix and flip the property. The purchase price was $87,500. The anticipated renovation cost is approximately $33,000 and LTV (loan-to-value) is 55% of the ARV (after-repair value). After the renovations are completed the Borrower plans to list the property for $165,000.