800.883.8290PROPERTY:
West Virginia Ave, NE, Washington, DC 20002
DESCRIPTION:
- Purchase price is $240,000 and construction costs are $100,000.
- Cash to close is $39,000
- Holding $100,000 of the funds which will be reimbursed upon completion of project
- Experience in rehabbing
PROPOSED TERMS:
| Loan Type: | Purchase Construction |
| Loan Amount: | $325,000 1st Mortgage |
| Value of Subject Property: | $450,000 |
| Loan to Value: | 72% |
| Term requested: | 9 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 543 |
