800.883.8290PROPERTY:
Bates St, NW, Washington, DC 20001
DESCRIPTION:
- Purchase price is $307,900 and construction costs are $80,000.
- Cash to close is $49,000
- Holding $80,000 of the funds which will be reimbursed upon completion of project
- Experience in rehabbing
PROPOSED TERMS:
| Loan Type: | Purchase Construction |
| Loan Amount: | $370,000 1st Mortgage |
| Value of Subject Property: | $575,000 |
| Loan to Value: | 64% |
| Term requested: | 9 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 570/ 796 / 590 |
