PROPERTY:

L St, NE Washington, DC  20002

DESCRIPTION:

  • Purchase price is $235,000 and construction costs are $25,000.
  • Cash to close is $28,000
  • Holding $25,000 of the funds which will be reimbursed upon completion of project
  • Experience in rehabbing

PROPOSED TERMS:

Loan Type: Purchase
Loan Amount: $250,000 1st Mortgage
Value of Subject Property: $390,000
Loan to Value: 64%
Term requested: 12 Month Balloon
Exit Strategy: Resell property
Credit Score 723