Mortgage lead for Residential loan in Elberta, AL, 36530

Date Posted

7/14/2026 3:31:58 AM

Property at

Elberta, AL, 36530, USA Show Map

Borrower at

Property Type

Residential

Property Value

$160,000

Loan Request

$40,000

LTV

25 %

Credit Rating

630-639

Loan Purpose

Purchase Fix N' Flip

Purpose

Loan is to make improvements to the property for more marketability in the area. Once done the 3 bedroom 2 bath property will be listed for sale with local realtor. This property was totally renovated with large porches and a 2 car garage. It is located 2 blocks from the water (Wolf Bay) with a 3 year old boat ramp and large fishing dock. I was 1 of 26 investors in the project which is now open the neighborhood residents only for a yearly fee of $350.00 . The property has been a good rental but at my age of 90 years old I no longer want the responsibility of managing rental property. My children live in Colorado and it would be difficult for them to manage.

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Loan Request for Residential loan in Elberta, AL, 36530