New Borrower is an experienced investors (3+ Verified) under contract to acquire the subject property located in Bronxville, NY for $1,350,000.00 with intentions of spending $350,130 on rehab before listing it for resale. Subject is an SFR appraised for $1,350,000.00 As-Is however the ARV of $1,950,000.00 evidences a ROI for borrowers of just over 12.03%. Sponsor on the loan with good credit and bank statements reflect sufficient assets/liquidity to meet the reserve requirement. Initial advance 75.2% LTV & 75.2% LTC. Total loan amount 70% of ARV.
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