800.883.8290PROPERTY:
13th Pl NE, Washington, DC 20018
DESCRIPTION:
- Purchase price is $250,000 and construction costs are $25,000
- Cash to close is $35,000
- Holding $25,000 of the funds which will be reimbursed upon completion of project
- Experience in rehabbing
PROPOSED TERMS:
| Loan Type: | Purchase Construction |
| Loan Amount: | $260,000 1st Mortgage |
| Value of Subject Property: | $385,000 |
| Loan to Value: | 68% |
| Term requested: | 9 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 739 |
