800.883.8290PROPERTY:
7th St, NW, Washington, DC 20011
DESCRIPTION:
- Purchase price is $305,000 and construction costs are $75,000.
- Cash to close is $47,500
- Holding $75,000 of the funds which will be reimbursed upon completion of project
- Experience in rehabbing, Excellent credit
PROPOSED TERMS:
| Loan Type: | Purchase |
| Loan Amount: | $360,000 1st Mortgage |
| Value of Subject Property: | $600,000 |
| Loan to Value: | 60% |
| Term requested: | 9 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 808 |
