800.883.8290PROPERTY:
W Hansberry St, Philadelphia, PA 19144
DESCRIPTION:
- Purchase price is $85,000 and construction cost are $60,000.
- We are holding $60,000 of the funds which will be reimbursed upon completion of project.
- Cash to close is $28,000
- Prior client.
- PROPOSED TERMS:
| Loan Type: | Purchase Construction |
| Loan Amount: | $130,000 1st Mortgage |
| Value of Subject Property: | $200,000 |
| Loan to Value: | 65% |
| Term requested: | 12 Month Balloon |
| Exit Strategy: | Resale |
| Credit Score | 673 |
