800.883.8290PROPERTY:
Meade St, NE Washington DC 20019
DESCRIPTION:
- Purchase price is $215,000 and construction costs are $60,000.
- Cash to close is $69,000
- Holding $60,000 of the funds which will be reimbursed upon completion of project
PROPOSED TERMS:
| Loan Type: | Purchase Construction |
| Loan Amount: | $225,000 1st Mortgage |
| Value of Subject Property: | $375,000 |
| Loan to Value: | 60% |
| Term requested: | 12 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 651 |
