800.883.8290PROPERTY:
N Columbus St. Arlington, VA 22207
DESCRIPTION:
- Purchase price is $429,000 and construction costs are $75,000.
- Cash to close is $80,000
- Holding $75,000 of the funds which will be reimbursed upon completion of project
- Experience in rehabbing
PROPOSED TERMS:
| Loan Type: | Purchase Construction |
| Loan Amount: | $460,000 1st Mortgage |
| Value of Subject Property: | $700,000 |
| Loan to Value: | 66% |
| Term requested: | 9 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 684 |
