PROPERTY:

36th St, SE, Washington,   DC   20020

DESCRIPTION:

  • Refinance of property purchased  in 1998.
  • Holding $50,000 of the funds which will be reimbursed upon completion of project.

 

PROPOSED TERMS:

Loan Type: Refinance Construction
Loan Amount: $175,000 1st Mortgage
Value of Subject Property: 400,000
Loan to Value: 44%
Term requested: 9 Month Balloon
Exit Strategy: Resell property
Credit Score 557