PROPERTY:

Barker Ave,  Lansdowne,  PA  19050

DESCRIPTION:

  • We are doing a $55,000 bridge loan against this property which the borrower currently has listed for $120,000.
  • The borrower paid $55,000 cash for the property in October 2015.
  • $50,000 cash back at closing.

PROPOSED TERMS:

Loan Type: Refinance
Loan Amount: $55,000 1st Mortgage
Value of Subject Property: $110,000
Loan to Value: 55%
Term requested: 3 Month Balloon
Exit Strategy: Resell property
Credit Score  519