Mortgage lead for Residential loan in Modesto, CA,

Loan Request for Residential loan in Modesto, CA,

Request #3713780 by Lender

Date Posted

2/19/2025 7:54:46 PM

Property at

Modesto, CA, USA Show Map

Borrower at

Property Type

Residential

Property Value

$550,000

Loan Request

$370,000

LTV

67.27 %

Credit Rating

700-719

Loan Purpose

Purchase Fix N' Flip

Purpose

**Introduction:** I am seeking a loan amount of $370,000 to purchase and renovate a property in Modesto, CA, for a fix n' flip project. The funds will enable me to transform a minor fixer-upper into a desirable residential property, significantly increasing its market value.

**Details of Purpose:** With the loan, I intend to make strategic improvements to enhance the property’s appeal and resale value, well-positioned in a promising area. Upon completing the renovations, the property’s estimated value will reach $550,000, maximizing profitability upon sale and improving my financial standing.

**Lender Benefits:** This loan represents a low-risk opportunity, as I have a strong credit rating (700-719) and aim for a 67.27% loan-to-value ratio. The upgraded property will easily provide the means for loan repayment, assuring a secure investment for you.

I am confident in the successful outcome of this project and greatly appreciate your consideration of my loan application.

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Loan Request for Residential loan in Modesto, CA,