800.883.8290PROPERTY:
28th St, SE Washington, DC 20020
DESCRIPTION:
- Purchase price is $180,000 and construction costs are $70,000.
- Cash to close is $72,000.
- Holding $70,000 of the funds which will be reimbursed upon completion of project
- Prior customer.
PROPOSED TERMS:
| Loan Type: | Purchase Construction |
| Loan Amount: | $200,000 1st Mortgage |
| Value of Subject Property: | $310,000 |
| Loan to Value: | 65% |
| Term requested: | 12 Month Balloon |
| Exit Strategy: | Resale |
| Credit Score | 671 |
