PROPERTY:

63rd St, NE  Washington, DC  20019

DESCRIPTION:

  • Purchase price is $55,00 and construction costs are $35,000.
  • Cash to close is $6,800
  • Holding $35,000 of the funds which will be reimbursed upon completion of project
  • Experience in rehabbing / repeat client

PROPOSED TERMS:

Loan Type: Purchase Construction
Loan Amount: $95,000 1st Mortgage
Value of Subject Property: $260,000
Loan to Value: 37%
Term requested: 9 Month Balloon
Exit Strategy: Resell property
Credit Score 508