A Funded Flip in Chicago, IL!

Borrower is an experienced investor under contract to acquire the subject property for $130k with intentions of spending $120k on renovations before listing the property for resale. Subject is an SFR and appraised for $95k As-Is and ARV of $300k. Sponsor has a mid-score of 749 and bank statements reflect sufficient liquidity. Total loan amount 66.13% of ARV.