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Originally published on May 4, 2026
Repeat investor looking to acquire the subject property in Lawton, OK with the intentions of spending $30k on rehab and reselling for a profit. Subject is a single family home appraised for $110k as-is, and ARV of $190k presents a strong ROI of over 40%. Sponsor on the loan has good credit and bank statements reflect sufficient liquidity to meet the deals reserve requirement. Loan structured at 85% LTC & 88% LTV, with the total loan amount at 65% of ARV.