PROPERTY:

1 St, NW, Washington, DC 20011

DESCRIPTION:

  • Purchase price is $350,000.
  • Cash to close is $54,000
  • Experienced borrower, we have done multiple successful deals for this borrower.

PROPOSED TERMS:

Loan Type: Purchase
Loan Amount: $320,000 1st Mortgage
Value of Subject Property: $550,000
Loan to Value: 59%
Term requested: 12 Month Balloon
Exit Strategy: Resell property
Credit Score 730