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 |