PROPERTY:
E Philadelphia Ave, Boyertown, PA Â 19512
DESCRIPTION:
- Purchase price is $35,00 and construction costs are $26,000.
- Cash to close is $12,000.
- Holding $26,000 which will be reimbursed upon completion of the project.
- Borrower is a general contractor by trade.
PROPOSED TERMS:
| Loan Type: | Purchase Construction |
| Loan Amount: | $65,000 1st Mortgage |
| Value of Subject Property: | $165,000 |
| Loan to Value: | 40% |
| Term requested: | 9 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 621 / 756 |