11th Street SE, Washington, DC 20003
- Purchase price is $830,000 and construction costs are $260,000 (all construction costs are held in reserve and reimbursed on completed work).
- Cash to close is $185,000
- Experienced rehabber that has done at least 20 higher end projects that we are aware of.
- Her contractor is one of the largest residential investors and construction firms in the DC market.
|Loan Amount:||$970,000 1st Mortgage|
|Value of Subject Property:||$1,400,000|
|Loan to Value:||69%|
|Term requested:||9 Month Balloon|
|Exit Strategy:||Resell property|