PROPERTY:
44th St, NE Washington, DC 20019
DESCRIPTION:
- Purchase price is $105,555 and construction costs are $20,000.
- Cash to close is $14,000.
- Holding $15,000 of the funds which will be reimbursed upon completion of project
- Prior client.
PROPOSED TERMS:
Loan Type: | Purchase Construction |
Loan Amount: | $125,000 1st Mortgage |
Value of Subject Property: | $325,000 |
Loan to Value: | 40% |
Term requested: | 12 Month Balloon |
Exit Strategy: | Resell property |
Credit Score | 723 / 668 |