800.883.8290PROPERTY:
Wilson St, Pottstown, PA 19464
DESCRIPTION:
- Cash out refinance of house purchased in Nov 2014 with construction costs of $40,000.
- Cash back at closing of $40,000
- Holding $40,000 of the funds which will be reimbursed upon completion of project
PROPOSED TERMS:
| Loan Type: | Refinance Construction |
| Loan Amount: | $100,000 1st Mortgage |
| Value of Subject Property: | 500,000 |
| Loan to Value: | 25% |
| Term requested: | 9 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 670 / 692 |
