800.883.8290PROPERTY:
56th Pl, NE, Washington, DC 20019
DESCRIPTION:
- Purchase price is $136,00 and construction costs are $20,000.
- Cash to close is $14,000
- Holding $20,000 of the funds which will be reimbursed upon completion of project
PROPOSED TERMS:
| Loan Type: | Purchase construction |
| Loan Amount: | $155,000 1st Mortgage |
| Value of Subject Property: | $325,000 |
| Loan to Value: | 48% |
| Term requested: | 12 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 664 |
