800.883.8290PROPERTY:
Chesapeake St, SW, Washington, DC 20032
DESCRIPTION:
- Purchase price is $184,219 and construction costs are $20,000.
- Cash to close is $28,000.
- Holding $20,000 of the funds which will be reimbursed upon completion of project
- Prior client.
PROPOSED TERMS:
| Loan Type: | Purchase Construction |
| Loan Amount: | $195,000 1st Mortgage |
| Value of Subject Property: | $300,000 |
| Loan to Value: | 65% |
| Term requested: | 12 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 723 / 668 |
