800.883.8290PROPERTY:
Walnut St, Blue Bell, PA 19422
DESCRIPTION:
- Purchase price is $78,000 and construction costs are $60,000.
- Cash to close is $5,000 with 3 months payments prepaid at closing
- Holding $60,000 of the funds which will be reimbursed upon completion of project
- Will be cross collateralizing 3 other rental properties the borrower owns F & C.
PROPOSED TERMS:
| Loan Type: | Purchase Construction |
| Loan Amount: | $160,000 1st Mortgage |
| Value of Subject Property: | $300,000 |
| Loan to Value: | 54% |
| Term requested: | 12 Month Balloon |
| Exit Strategy: | Resell property or Bank refi |
| Credit Score | 610-766 |
