PROPERTY:

E Philadelphia Ave, Boyertown, PA  19512

DESCRIPTION:

  • Purchase price is $35,00 and construction costs are $26,000.
  • Cash to close is $12,000.
  • Holding $26,000 which will be reimbursed upon completion of the project.
  • Borrower is a general contractor by trade.

PROPOSED TERMS:

Loan Type: Purchase Construction
Loan Amount: $65,000 1st Mortgage
Value of Subject Property: $165,000
Loan to Value: 40%
Term requested: 9 Month Balloon
Exit Strategy: Resell property
Credit Score 621 / 756