800.883.8290PROPERTY:
Palmcrest Ct, Woodbridge, VA 22193
DESCRIPTION:
- Purchase price is $215,000 and construction costs are $45,000.
- Cash to close is $81,000
- Holding $45,000 of the funds which will be reimbursed upon completion of project
PROPOSED TERMS:
| Loan Type: | Purchase Construction |
| Loan Amount: | $195,000 1st Mortgage |
| Value of Subject Property: | $300,000 |
| Loan to Value: | 65% |
| Term requested: | 9 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 703 |
