PROPERTY:

Oaktree Dr, Levittown, PA  19055

DESCRIPTION:

  • We are doing a $95,000 bridge loan against this property the borrower inherited in 2005
  • We are holding $44,000 of the funds which will be reimbursed upon completion of project.
  • Property is owned free and clear and the proceeds will be used towards completing this project and buying out her sister.
  • 3 month guaranteed interest payments
  • PROPOSED TERMS:
Loan Type: Refinance Construction
Loan Amount: $95,000 1st Mortgage
Value of Subject Property: $150,000
Loan to Value: 64%
Term requested: 9 Month Balloon
Exit Strategy: Resale
Credit Score