800.883.8290PROPERTY:
Morning Glory Rd, Philadelphia, PA 19154
DESCRIPTION:
- Purchase price is $105,000 and construction costs are $35,000.
- Cash to close is $3,000
- Holding $35,000 of the funds which will be reimbursed upon completion of project
- Experience in rehabbing; Chris and Jason are guarantors
PROPOSED TERMS:
| Loan Type: | Purchase Construction |
| Loan Amount: | $150,000 1st Mortgage |
| Value of Subject Property: | $200,000 |
| Loan to Value: | 50% |
| Term requested: | 12 Month Balloon |
| Exit Strategy: | Rental |
| Credit Score | 720 |
