PROPERTY:

Ripka St, Philadelphia, PA  19128

DESCRIPTION:

  • Purchase price is $129,000 and construction cost are $30,000.
  • We are holding $30,000 of the funds which will be reimbursed upon completion of project.
  • Cash to close is $43,000
  • Borrower is experienced and does small flips primarily.
  • PROPOSED TERMS:
Loan Type: Purchase Construction
Loan Amount: $130,000 1st Mortgage
Value of Subject Property: $200,000
Loan to Value: 65%
Term requested: 12 Month Balloon
Exit Strategy: Resale
Credit Score  680