800.883.8290PROPERTY:
Barker Ave, Lansdowne, PA 19050
DESCRIPTION:
- We are doing a $55,000 bridge loan against this property which the borrower currently has listed for $120,000.
- The borrower paid $55,000 cash for the property in October 2015.
- $50,000 cash back at closing.
PROPOSED TERMS:
| Loan Type: | Refinance |
| Loan Amount: | $55,000 1st Mortgage |
| Value of Subject Property: | $110,000 |
| Loan to Value: | 55% |
| Term requested: | 3 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 519 |
