800.883.8290PROPERTY:
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 |
