Mortgage lead for Residential loan in Birmingham, AL, 35243

Loan Request for Residential loan in Birmingham, AL, 35243

Request #3715282 by Lender

Date Posted

2/22/2025 9:21:24 AM

Property at

Birmingham, AL, 35243, USA Show Map

Borrower at

Property Type

Residential

Property Value

$550,000

Loan Request

$150,000

LTV

27.27 %

Credit Rating

650-659

Net Worth

$1,000,000 - $4,000,000

Loan Purpose

Refinance Fix N' Flip

Purpose

This is a house on a 0.5 acre land that needs renovation. I have already purchased the land and house in cash. It's one of the best areas of Birmingham, and I already have the contractor in place to fix it. I have worked with this contractor multiple times in the past. The house needs major renovation and needs to be extended out to 2400 sqft. The project cost with the drawings is approximately $150,000. An old/ not very well renovated 1700 sqft house exactly opposite side of this road just sold for $232 psf.

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Loan Request for Residential loan in Birmingham, AL, 35243