A previous client of ours mistakenly chose to work with another lender which almost cost them $400,000 in lost profit on this deal. After starting the process with another lender, they approached us after receiving a low ball appraisal. The value came in so low, that they were going to be forced to walk away from the deal and lose their earnest money deposit, and worse a potential 400K profit. We took the time to dissect the deal such that we could explain the intricacies to our appraiser. The result, our appraiser reported an after repair value of 1,475,000 vs. our competitor's appraiser who reported the after repai...
Loan Amount |
$926,000 |
Interest Rate |
9.50% |
Property Type |
Single Family |
Investment Objective |
Fix/Flip |
Loan to cost |
80%/85% |
% of After Repair Value Financed |
62.77% |
I am interested in starting a loan app with you…..
Please email rshamie@fidelity-Residential.com