PROPERTY:
Middle Rd, Hammonton, NJ  08037
DESCRIPTION:
- Purchase price is $86,00 and construction costs are $35,000.
- Cash to close is $23,000.
- Holding $35,000 which will be reimbursed upon completion of the project.
PROPOSED TERMS:
| Loan Type: | Purchase Construction |
| Loan Amount: | $110,000 1st Mortgage |
| Value of Subject Property: | $200,000 |
| Loan to Value: | 55% |
| Term requested: | 12 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 623 / 734 |